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India FIMMDA-Thomson Reuters-MIFOR for six mths 6.88 pct
November 7, 2016 / 11:53 AM / a year ago

India FIMMDA-Thomson Reuters-MIFOR for six mths 6.88 pct

Nov 7 (Reuters) -The FIMMDA-Thomson Reuters Mumbai Inter-bank
Forward Offered rate for six months based on the
implied yield using dollar-rupee premium is 6.88 percent on
Monday compared with 6.88 percent the previous day.
    The FIMMDA-Thomson Reuters Mumbai rupee overnight offered
rate(MITOR) based on the cash-spot dollar rupee premium was
6.21 percent on Monday. 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(09/12/16)   29.75/31.00    05.42/05.65   05.97/06.20
  2M(09/01/17)   61.00/62.50    05.47/05.60   06.16/06.29
  3M(09/02/17)   91.75/93.50    05.45/05.56   06.37/06.47
  6M(09/05/17)  182.50/184.50   05.52/05.58   06.82/06.88
  1Y(09/11/17)  355.50/357.50   05.33/05.36   07.00/07.03
    Spot rate : 1$ = 66.7301 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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