Feb 28 (Reuters) - The India FIMMDA-REUTERS Mumbai Inter-bank
Cash-Tom Offered Rate <MIFOR=> on Thursday is 6.56 percent.
The MITOR is the reference implied rupee overnight offered
rate based on the cash-Tom dollar-rupee premium.
The one-month, two-month, three-month, six-month and one-year
swaps will be released at 12:30 IST. (0700 GMT) and benchmark
rates (MIFOR) will be released at 17:30 IST. (1200 GMT).
-------------------------------------------------------------
PERIOD CASH-Tom SWAP DIFFERENCE
dlr/rupee In percent Implied rupee
(paise) (annualised) interestrate(%)
-------------------------------------------------------------
28/02/2008 00.30/00.40 02.76/03.67 05.65/06.56
OVER
29/02/2008
Spot rate : 1$ = 39.73 rupees (Source - RBI reference rate
from Reuters page <RBIB> <INRFIX=RBIA>
The US Dollar rate used is the Fed Funds Rate from Reuters
page <USONFFE=>
Note:Figures in brackets indicate negative values
Cash-Tom levels have been contributed by banks and brokers.
FIMMDA is the Fixed Income Money Market and Derivatives
Association of India.
Refer to Reuters page <INSWAP02> for the calculation
methodology. For Implied benchmark rates refer to <MIFOR=> or
<INSWAP01>.
((Bangalore Rate Reporting Unit +91 80 4135 6505
fax +91 80 4135 6307, [email protected]))
Keywords: MARKETS INDIA MITOR