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India FIMMDA-Thomson Reuters-MIFOR for six mths 6.27 pct
November 2, 2017 / 12:00 PM / in 17 days

India FIMMDA-Thomson Reuters-MIFOR for six mths 6.27 pct

  Nov 2 (Reuters) -The FIMMDA-Thomson Reuters Mumbai Inter-bank
Forward Offered rate          for six months based on the
implied yield using dollar-rupee premium is 6.27 percent on
Thursday compared with 6.26 percent the previous day.
    The FIMMDA-Thomson Reuters Mumbai rupee overnight offered
rate(MITOR) based on the cash-spot dollar rupee premium was
5.89 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(06/12/17)   23.50/25.25    04.43/04.76   05.69/06.02
  2M(08/01/18)   49.25/51.25    04.42/04.60   05.78/05.96
  3M(06/02/18)   71.75/73.75    04.41/04.53   05.83/05.96
  6M(07/05/18)  146.75/148.75   04.56/04.62   06.20/06.27
  1Y(06/11/18)  283.50/285.50   04.39/04.42   06.36/06.39
    Spot rate : 1$ = 64.5930 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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