India FIMMDA-REUTERS-MITOR based on dlr/rupee swap

Nov 4 (Reuters) - The India FIMMDA-REUTERS Mumbai
Inter-bank Cash-Tom Offered Rate MIFOR= on Wednesday is 2.76
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) interest rate(%)
--------------------------------------------------------------
04/11/2009 00.29/00.34 02.25/02.64 02.37/02.76 OVER
05/11/2009 Spot rate : 1$ = 47.04 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.

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.