January 5, 2017 / 11:49 AM / a year ago

India FIMMDA-Thomson Reuters-MIFOR for six mths 5.91 pct

Jan 5 (Reuters) -The FIMMDA-Thomson Reuters Mumbai Inter-bank
Forward Offered rate for six months based on the
implied yield using dollar-rupee premium is 5.91 percent on
Thursday compared with 5.81 percent the previous day.
    The FIMMDA-Thomson Reuters Mumbai rupee overnight offered
rate(MITOR) based on the cash-spot dollar rupee premium was
5.49 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(09/02/17)   23.50/25.50    04.08/04.43   04.86/05.21
  2M(09/03/17)   46.50/48.50    04.24/04.43   05.09/05.27
  3M(10/04/17)   78.50/80.25    04.64/04.75   05.68/05.78
  6M(10/07/17)  151.50/153.50   04.48/04.54   05.85/05.91
  1Y(09/01/18)  293.00/295.00   04.32/04.35   06.11/06.14
    Spot rate : 1$ = 67.7884 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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