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India FIMMDA-Thomson Reuters-MIFOR for six mths 8.78 pct
August 27, 2013 / 10:54 AM / 4 years ago

India FIMMDA-Thomson Reuters-MIFOR for six mths 8.78 pct

Aug 27 (Reuters) -The FIMMDA-Thomson Reuters Mumbai Inter-bank
Forward Offered rate for six months based on the
implied yield using dollar-rupee premium is 8.78 percent on
Tuesday compared with 8.67 percent the previous day.

    The FIMMDA-Thomson Reuters Mumbai rupee overnight offered
rate(MITOR) based on the cash-spot dollar rupee premium was
10.20 percent on Tuesday. One-month, two-month, three-month,
six-month and one-year swaps and benchmark rates are given in
the table below.
--------------------------------------------------------------
    Period      SWAP DIFFERENCE    PREMIUM        MIFOR
                   dlr/rupee      In percent    Implied rupees
  (Spot to)       (paise)       (annualised)  Interest rates(%)
--------------------------------------------------------------
  1M(30/09/13)   56.25/58.00    09.77/10.07   09.96/10.26
  2M(29/10/13)  104.75/106.75   09.54/09.73   09.78/09.96
  3M(29/11/13)  152.00/154.25   09.18/09.32   09.45/09.59
  6M(28/02/14)  271.75/275.50   08.25/08.37   08.67/08.78
  1Y(28/08/14)  487.25/491.75   07.44/07.51   08.17/08.24

    Spot rate : 1$ = 65.6675 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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