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India FIMMDA-Thomson Reuters-MIFOR for six mths 5.97 pct
October 13, 2017 / 10:59 AM / 2 months ago

India FIMMDA-Thomson Reuters-MIFOR for six mths 5.97 pct

  Oct 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 5.97 percent on
Friday compared with 5.98 percent the previous day.
    The FIMMDA-Thomson Reuters Mumbai rupee overnight offered
rate(MITOR) based on the cash-spot dollar rupee premium was
5.87 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(17/11/17)   24.00/25.50    04.35/04.62   05.61/05.88
  2M(18/12/17)   47.25/49.25    04.28/04.47   05.59/05.77
  3M(17/01/18)   69.00/71.00    04.22/04.34   05.60/05.73
  6M(17/04/18)  139.75/141.75   04.32/04.38   05.91/05.97
  1Y(17/10/18)  271.25/273.25   04.18/04.21   06.09/06.12
    Spot rate : 1$ = 64.9301 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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