October 3, 2016 / 10:51 AM / a year ago

India FIMMDA-Thomson Reuters-MIFOR for six mths 7.25 pct

Oct 3 (Reuters) -The FIMMDA-Thomson Reuters Mumbai Inter-bank
Forward Offered rate for six months based on the
implied yield using dollar-rupee premium is 7.25 percent on
Monday compared with 7.19 percent the previous day.
    The FIMMDA-Thomson Reuters Mumbai rupee overnight offered
rate(MITOR) based on the cash-spot dollar rupee premium was
6.92 percent on Monday. 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(07/11/16)   38.00/39.25    06.32/06.53   06.86/07.06
  2M(05/12/16)   69.50/71.25    06.25/06.41   06.92/07.07
  3M(05/01/17)  101.25/103.00   06.04/06.14   06.92/07.03
  6M(06/04/17)  196.50/198.50   05.89/05.95   07.19/07.25
  1Y(05/10/17)  370.50/372.50   05.57/05.60   07.24/07.27
    Spot rate : 1$ = 66.5330 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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