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India FIMMDA-Thomson Reuters-MIFOR for six mths 6.14 pct
January 12, 2017 / 11:49 AM / a year ago

India FIMMDA-Thomson Reuters-MIFOR for six mths 6.14 pct

Jan 12 (Reuters) -The FIMMDA-Thomson Reuters Mumbai Inter-bank
Forward Offered rate for six months based on the
implied yield using dollar-rupee premium is 6.14 percent on
Thursday compared with 6.11 percent the previous day.
    The FIMMDA-Thomson Reuters Mumbai rupee overnight offered
rate(MITOR) based on the cash-spot dollar rupee premium was
6.23 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(17/02/17)   27.50/29.00    04.76/05.02   05.54/05.80
  2M(17/03/17)   51.50/53.25    04.68/04.84   05.53/05.69
  3M(17/04/17)   84.75/86.50    05.05/05.15   06.10/06.20
  6M(17/07/17)  158.75/160.75   04.70/04.76   06.08/06.14
  1Y(17/01/18)  302.00/304.00   04.44/04.46   06.23/06.26
    Spot rate : 1$ = 68.0858 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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