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India FIMMDA-Thomson Reuters-MIFOR for six mths 6.42 pct
March 17, 2017 / 11:53 AM / 9 months ago

India FIMMDA-Thomson Reuters-MIFOR for six mths 6.42 pct

  Mar 17 (Reuters) -The FIMMDA-Thomson Reuters Mumbai Inter-bank
Forward Offered rate          for six months based on the
implied yield using dollar-rupee premium is 6.42 percent on
Friday 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
6.12 percent on Friday. 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(21/04/17)   30.00/31.75    05.39/05.70   06.38/06.70
  2M(22/05/17)   57.00/59.00    05.12/05.30   06.16/06.34
  3M(21/06/17)   82.75/84.75    05.01/05.13   06.19/06.31
  6M(21/09/17)  161.00/163.00   04.87/04.93   06.36/06.42
  1Y(21/03/18)  313.25/315.25   04.78/04.81   06.71/06.74
    Spot rate : 1$ = 65.5411 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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