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India FIMMDA-Thomson Reuters-MIFOR for six mths 5.89 pct
September 28, 2017 / 11:02 AM / in 22 days

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

  Sep 28 (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
Thursday compared with 5.85 percent the previous day.
    The FIMMDA-Thomson Reuters Mumbai rupee overnight offered
rate(MITOR) based on the cash-spot dollar rupee premium was
6.07 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(03/11/17)   24.25/25.75    04.34/04.61   05.60/05.87
  2M(04/12/17)   47.25/49.25    04.23/04.41   05.53/05.71
  3M(03/01/18)   69.25/71.25    04.18/04.30   05.55/05.67
  6M(03/04/18)  140.00/142.00   04.27/04.33   05.83/05.89
  1Y(03/10/18)  275.00/277.00   04.18/04.21   06.07/06.10
    Spot rate : 1$ = 65.7604 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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