November 10, 2017 / 12:03 PM / in 9 days

India FIMMDA-Thomson Reuters-MIFOR for six mths 6.23 pct

  Nov 10 (Reuters) -The FIMMDA-Thomson Reuters Mumbai Inter-bank
Forward Offered rate          for six months based on the
implied yield using dollar-rupee premium is 6.23 percent on
Friday compared with 6.25 percent the previous day.
    The FIMMDA-Thomson Reuters Mumbai rupee overnight offered
rate(MITOR) based on the cash-spot dollar rupee premium was
5.98 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(14/12/17)   23.50/24.75    04.40/04.63   05.67/05.90
  2M(16/01/18)   48.50/50.25    04.32/04.48   05.71/05.86
  3M(14/02/18)   70.75/72.75    04.32/04.44   05.77/05.89
  6M(14/05/18)  145.00/147.00   04.50/04.56   06.17/06.23
  1Y(14/11/18)  280.75/282.75   04.32/04.35   06.31/06.34
    Spot rate : 1$ = 65.0147 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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