7 Year MIBOR Swap Rate: Current & Historical
The 7 year MIBOR swap rate is the annual fixed rate exchanged for annually paid, compounded MIBOR over the next 7 years. Check the current rate, its one-year chart and daily history, with downloads straight to Excel.
INR · 7Y · MIBOR
52-wk range
5.69% – 6.98%
Last update:
Recent daily closes
| Date | Rate | Daily change |
|---|---|---|
| Live | – | |
| 27 Jul 2026 | 6.47% | -16 bp |
| 24 Jul 2026 | 6.63% | -1 bp |
| 23 Jul 2026 | 6.63% | +3 bp |
| 22 Jul 2026 | 6.61% | +8 bp |
| 21 Jul 2026 | 6.52% | -4 bp |
| 20 Jul 2026 | 6.57% | +10 bp |
| 17 Jul 2026 | 6.47% | 0 bp |
| 16 Jul 2026 | 6.46% | -2 bp |
| 15 Jul 2026 | 6.48% | 0 bp |
| 14 Jul 2026 | 6.48% | +14 bp |
Rates built from interdealer broker and exchange quotes. Read how we build these rates.
This is yesterday's close
See the live 7 year MIBOR swap rate
- Live mids, refreshed every minute
- Full 7 year daily history to Excel
- Every MIBOR tenor, 1 month to 10 years
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Live 7 year MIBOR in Excel & API
If you're on this page more than once a month, you don't need a rate, you need a feed. One function, always-live curves, straight in your model.
// Excel: live Overnight MIBOR swap rate in a cell =BlueGamma.SWAP_RATE("Overnight MIBOR", start_date, maturity_date, "1Y") # API: the same rate, one GET away GET api.bluegamma.io/v1/swap_rate ?index=Overnight MIBOR&start_date=2D&maturity_date=7Y x-api-key: your_api_key
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FAQs
The 7 year MIBOR swap rate is the annual fixed interest rate that market participants exchange for annually paid, compounded MIBOR over the next 7 years. It is set in the interdealer swap market and moves continuously with expectations for Reserve Bank of India policy.
The rate shown on this page is the previous Indian business day's close; the live rate is available in the BlueGamma app.
Three common reasons:
- Timing: this page shows the previous Indian business day's mid-market close, while banks quote off the live curve, which moves through the day.
- Spread: the mid-market rate is the raw interbank level. A bank's quote adds a credit and execution charge, and on a loan a lending margin on top.
- Conventions: a quote using a different payment frequency or day count will differ slightly from the annual/annual rate shown here.
If you are comparing a quote against the market, compare it with the live mid rate at the time of the quote.
Lenders fund fixed-rate commercial and real-estate loans by hedging with interest rate swaps of the matching term, so a 7 year fixed quote is priced off the 7 year MIBOR swap rate plus a lending margin.
Borrowers on floating MIBOR loans watch the same rate: it is the market level at which their bank will fix the debt, before the bank's spread.
This page shows the last 12 months of daily closes, the 52-week range and dated lookbacks.
The BlueGamma app carries the full daily history for every MIBOR tenor, alongside 20+ other currencies, with downloads straight to Excel.
BlueGamma takes quotes directly from leading inter-dealer brokers and exchanges, bootstraps them into ready-to-use curves, and validates the output for consistency on a regular basis.
The rates shown on this page are the previous Indian business day’s close. Live rates, refreshed every minute, are available in the BlueGamma app with a free trial.
More on MIBOR
INR Swap Rates for All Tenors
The full rates table: every liquid MIBOR tenor with one-week, one-month and one-year history.
MIBOR Forward Curve
Where the market prices MIBOR going next: the full INR forward curve.
USDINR Forward Rates
The FX leg alongside the rates leg, for cross-currency work.
More from BlueGamma
Or browse the full swap rate catalogue, covering all 86 rates across 33 currencies.