June 20, 2017 / 11:00 AM / in 5 months

India FIMMDA-Thomson Reuters-MIFOR for six mths 6.16 pct

Jun 20 (Reuters) -The FIMMDA-Thomson Reuters Mumbai Inter-bank
Forward Offered rate          for six months based on the
implied yield using dollar-rupee premium is 6.16 percent on
Tuesday compared with 6.20 percent the previous day.
    The FIMMDA-Thomson Reuters Mumbai rupee overnight offered
rate(MITOR) based on the cash-spot dollar rupee premium was
6.17 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(24/07/17)   26.25/27.75    04.64/04.91   05.88/06.15
  2M(22/08/17)   50.75/52.25    04.71/04.85   05.99/06.13
  3M(22/09/17)   76.25/78.25    04.69/04.82   06.01/06.14
  6M(22/12/17)  148.75/150.75   04.60/04.66   06.10/06.16
  1Y(22/06/18)  292.25/294.25   04.53/04.56   06.37/06.40
    Spot rate : 1$ = 64.4672 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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