March 9, 2017 / 11:46 AM / 5 months ago

BRIEF-India cenbank sets 6.22 pct cut-off at overnight variable rate reverse repo auction

March 9 (Reuters) - Reserve Bank of India:

* India central bank sets cut-off rate of 6.22 percent at overnight variable rate reverse repo auction

* India cenbank: weighted average rate at 6.20 percent at overnight variable rate reverse repo auction

* India cenbank: allots 500.15 billion rupees at overnight variable rate reverse repo auction ; gets bids worth 860.70 billion rupees

* India cenbank: makes partial allotment of 63.14 percent at cut-off rate at overnight variable rate reverse repo auction Source text - (bit.ly/2m2MHhb)

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