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India FIMMDA-Thomson Reuters-MIFOR for six mths 7.16 pct
September 29, 2016 / 10:51 AM / in a year

India FIMMDA-Thomson Reuters-MIFOR for six mths 7.16 pct

Sep 29 (Reuters) -The FIMMDA-Thomson Reuters Mumbai Inter-bank
Forward Offered rate for six months based on the
implied yield using dollar-rupee premium is 7.16 percent on
Thursday compared with 7.10 percent the previous day.
    The FIMMDA-Thomson Reuters Mumbai rupee overnight offered
rate(MITOR) based on the cash-spot dollar rupee premium was
7.16 percent on Thursday. One-month, two-month, three-month,
six-month and one-year swaps and benchmark rates are given in
the table below.
--------------------------------------------------------------
                   dlr/rupee      In percent    Implied rupees
  (Spot to)       (paise)       (annualised)  Interest rates(%)
--------------------------------------------------------------
  1M(03/11/16)   34.75/36.25    06.15/06.41   06.69/06.95
  2M(05/12/16)   70.50/72.00    06.14/06.27   06.80/06.93
  3M(03/01/17)  100.00/102.00   05.96/06.08   06.83/06.95
  6M(03/04/17)  192.75/194.75   05.81/05.87   07.10/07.16
  1Y(03/10/17)  367.25/369.25   05.52/05.55   07.18/07.21
    Spot rate : 1$ = 66.5521 rupees (Source - RBI reference
rate from Thomson Reuters page  
    Note: Figures in brackets indicate negative values.
    The US Dollar LIBOR rates are published by the British
Bankers' Association and sourced from the Thomson Reuters page
.
    The implied benchmark rates will be available on Thomson Reuters
pages by typing or followed by the ENTER key
or double-clicking,.
    Refer to Thomson Reuters page for the calculation
methodology.
    FIMMDA refers to Fixed Income Money Market and Derivatives
Association of India.
 
($1=0)

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