January 25, 2018 / 11:58 AM / a month ago

India FIMMDA-Thomson Reuters-MIFOR for six mths 6.59 pct

  Jan 25 (Reuters) -The FIMMDA-Thomson Reuters Mumbai Inter-bank
Forward Offered rate          for six months based on the
implied yield using dollar-rupee premium is 6.59 percent on
Thursday compared with 6.51 percent the previous day.
    The FIMMDA-Thomson Reuters Mumbai rupee overnight offered
rate(MITOR) based on the cash-spot dollar rupee premium was
5.77 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(28/02/18)   21.25/23.00    04.21/04.56   05.81/06.15
  2M(28/03/18)   43.25/45.00    04.36/04.54   06.05/06.22
  3M(27/04/18)   71.00/72.75    04.69/04.81   06.50/06.61
  6M(30/07/18)  141.75/143.75   04.50/04.57   06.52/06.59
  1Y(30/01/19)  276.75/278.75   04.36/04.39   06.73/06.76
    Spot rate : 1$ = 63.4983 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)
0 : 0
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