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India FIMMDA-Thomson Reuters-MIFOR for six mths 5.87 pct
September 29, 2017 / 11:04 AM / 21 days ago

India FIMMDA-Thomson Reuters-MIFOR for six mths 5.87 pct

  Sep 29 (Reuters) -The FIMMDA-Thomson Reuters Mumbai Inter-bank
Forward Offered rate          for six months based on the
implied yield using dollar-rupee premium is 5.87 percent on
Friday compared with 5.89 percent the previous day.
    The FIMMDA-Thomson Reuters Mumbai rupee overnight offered
rate(MITOR) based on the cash-spot dollar rupee premium was
6.12 percent on Friday. 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(06/11/17)   25.75/27.25    04.36/04.61   05.61/05.87
  2M(04/12/17)   46.25/48.00    04.23/04.39   05.53/05.69
  3M(04/01/18)   68.75/70.75    04.17/04.29   05.54/05.66
  6M(04/04/18)  138.50/140.50   04.25/04.31   05.81/05.87
  1Y(04/10/18)  272.75/274.75   04.17/04.20   06.06/06.09
    Spot rate : 1$ = 65.3552 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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