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India FIMMDA-Thomson Reuters-MIFOR for six mths 6.40 pct
March 16, 2017 / 11:51 AM / 8 months ago

India FIMMDA-Thomson Reuters-MIFOR for six mths 6.40 pct

  Mar 16 (Reuters) -The FIMMDA-Thomson Reuters Mumbai Inter-bank
Forward Offered rate          for six months based on the
implied yield using dollar-rupee premium is 6.40 percent on
Thursday compared with 6.40 percent the previous day.
    The FIMMDA-Thomson Reuters Mumbai rupee overnight offered
rate(MITOR) based on the cash-spot dollar rupee premium was
6.13 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(20/04/17)   29.50/31.00    05.31/05.58   06.31/06.58
  2M(22/05/17)   57.25/59.25    05.07/05.25   06.11/06.29
  3M(20/06/17)   82.00/84.00    04.98/05.10   06.16/06.28
  6M(20/09/17)  160.00/162.00   04.85/04.91   06.34/06.40
  1Y(20/03/18)  312.00/314.00   04.77/04.80   06.70/06.73
    Spot rate : 1$ = 65.3836 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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