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India FIMMDA-Thomson Reuters-MIFOR for six mths 5.89 pct
September 13, 2017 / 11:00 AM / in a month

India FIMMDA-Thomson Reuters-MIFOR for six mths 5.89 pct

Sep 13 (Reuters) -The FIMMDA-Thomson Reuters Mumbai Inter-bank
Forward Offered rate          for six months based on the
implied yield using dollar-rupee premium is 5.89 percent on
Wednesday compared with 5.87 percent the previous day.
    The FIMMDA-Thomson Reuters Mumbai rupee overnight offered
rate(MITOR) based on the cash-spot dollar rupee premium was
5.69 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(16/10/17)   22.75/24.25    04.19/04.46   05.44/05.72
  2M(15/11/17)   45.50/47.25    04.26/04.42   05.55/05.72
  3M(15/12/17)   68.25/70.25    04.28/04.40   05.63/05.76
  6M(15/03/18)  137.00/139.00   04.32/04.38   05.83/05.89
  1Y(17/09/18)  278.50/280.50   04.33/04.36   06.14/06.17
    Spot rate : 1$ = 63.9818 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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