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India FIMMDA-Thomson Reuters-MIFOR for six mths 6.11 pct
January 11, 2017 / 11:49 AM / 10 months ago

India FIMMDA-Thomson Reuters-MIFOR for six mths 6.11 pct

Jan 11 (Reuters) -The FIMMDA-Thomson Reuters Mumbai Inter-bank
Forward Offered rate for six months based on the
implied yield using dollar-rupee premium is 6.11 percent on
Wednesday compared with 6.18 percent the previous day.
    The FIMMDA-Thomson Reuters Mumbai rupee overnight offered
rate(MITOR) based on the cash-spot dollar rupee premium was
6.09 percent on Wednesday. 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(13/02/17)   27.25/28.75    04.70/04.96   05.48/05.74
  2M(14/03/17)   52.25/54.25    04.66/04.84   05.51/05.69
  3M(13/04/17)   85.00/86.75    05.05/05.16   06.10/06.21
  6M(13/07/17)  158.00/160.00   04.67/04.73   06.05/06.11
  1Y(16/01/18)  302.75/304.75   04.40/04.43   06.20/06.23
    Spot rate : 1$ = 68.2276 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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