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India FIMMDA-Thomson Reuters-MIFOR for six mths 6.35 pct
February 28, 2017 / 11:50 AM / 9 months ago

India FIMMDA-Thomson Reuters-MIFOR for six mths 6.35 pct

  Feb 28 (Reuters) -The FIMMDA-Thomson Reuters Mumbai Inter-bank
Forward Offered rate          for six months based on the
implied yield using dollar-rupee premium is 6.35 percent on
Tuesday compared with 6.33 percent the previous day.
    The FIMMDA-Thomson Reuters Mumbai rupee overnight offered
rate(MITOR) based on the cash-spot dollar rupee premium was
5.65 percent on Tuesday. 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(03/04/17)   30.25/32.00    05.17/05.47   05.97/06.27
  2M(02/05/17)   56.50/58.50    05.07/05.25   05.95/06.13
  3M(02/06/17)   82.75/84.75    04.92/05.04   06.01/06.13
  6M(05/09/17)  166.25/168.25   04.86/04.92   06.29/06.35
  1Y(05/03/18)  319.50/321.50   04.75/04.78   06.61/06.64
    Spot rate : 1$ = 66.7375 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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