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India FIMMDA-Thomson Reuters-MIFOR for six mths 7.11 pct
October 5, 2016 / 10:51 AM / a year ago

India FIMMDA-Thomson Reuters-MIFOR for six mths 7.11 pct

Oct 5 (Reuters) -The FIMMDA-Thomson Reuters Mumbai Inter-bank
Forward Offered rate for six months based on the
implied yield using dollar-rupee premium is 7.11 percent on
Wednesday 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
6.55 percent on Wednesday. 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)   33.75/35.25    05.97/06.23   06.51/06.77
  2M(07/12/16)   66.50/68.00    05.98/06.11   06.64/06.78
  3M(09/01/17)   99.75/101.75   05.82/05.94   06.71/06.83
  6M(07/04/17)  190.50/192.50   05.74/05.80   07.05/07.11
  1Y(10/10/17)  366.50/368.50   05.46/05.49   07.14/07.17
    Spot rate : 1$ = 66.5699 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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