Publications

() or

()

Date : Jul 31, 2026

Table 209 : Forward Premia (Inter-Bank) (Monthly Average)

(Per cent per Annum)
Year / Month	1-month	3-month	6-month	Year / Month	1-month	3-month	6-month
1	2	3	4	1	2	3	4
2021				2023
Jan	4.33	4.73	4.75	Nov	0.84	1.08	1.46
Feb	4.35	5.72	5.38	Dec	1.17	1.17	1.49
Mar	6.14	5.60	5.30	2024
Apr	5.01	4.83	4.80	Jan	1.40	1.54	1.62
May	6.27	5.82	5.52	Feb	1.25	1.53	1.53
Jun	4.09	4.24	4.34	Mar	1.05	1.19	1.34
Jul	3.97	4.08	4.21	Apr	1.15	1.22	1.36
Aug	3.67	3.77	3.91	May	1.30	1.29	1.40
Sep	3.57	3.61	3.86	Jun	1.20	1.16	1.30
Oct	3.95	4.04	4.41	Jul	1.15	1.20	1.38
Nov	3.79	4.04	4.72	Aug	1.15	1.33	1.62
Dec	3.82	3.84	4.61	Sep	1.50	1.61	1.87
2022				Oct	1.65	1.78	2.02
Jan	3.95	4.57	4.73	Nov	1.64	1.76	2.01
Feb	3.61	4.48	4.28	Dec	2.72	2.36	2.31
Mar	4.93	4.38	4.13	2025
Apr	4.01	3.94	3.92	Jan	3.24	3.04	2.68
May	3.75	3.75	3.75	Feb	2.69	2.66	2.29
Jun	3.10	3.18	3.17	Mar	3.31	2.58	2.29
Jul	3.37	3.19	3.04	Apr	2.77	2.40	2.23
Aug	3.39	3.20	3.04	May	2.31	2.12	2.03
Sep	3.38	3.08	2.85	Jun	1.52	1.59	1.67
Oct	3.49	3.10	2.88	Jul	1.61	1.65	1.78
Nov	2.54	2.40	2.41	Aug	1.72	1.80	1.92
Dec	2.10	2.06	2.16	Sep	1.90	2.00	2.11
2023				Oct	1.95	2.06	2.19
Jan	1.97	2.37	2.32	Nov	1.89	2.01	2.13
Feb	1.94	2.48	2.26	Dec	3.91	3.05	2.90
Mar	2.70	2.45	2.34	2026
Apr	1.92	2.00	2.13	Jan	2.81	3.01	2.83
May	1.57	1.63	1.74	Feb	1.83	2.52	2.47
Jun	1.29	1.37	1.46	Mar	4.08	3.59	3.15
Jul	1.31	1.30	1.39	Apr	3.57	3.64	3.50
Aug	1.30	1.31	1.36	May	3.54	3.48	3.37
Sep	1.50	1.52	1.57
Oct	1.38	1.49	1.72
Notes : 1. Reference rate is used for calculating inter-bank forward premia of US dollar in percent. 2. Financial Benchmarks India Private Limited (FBIL) commenced dissemination of reference rate w.e.f. July 10, 2018.