February 28, 2017 / 11:30 AM / 6 months ago

BRIEF-India cenbank sets 6.23 pct cut-off at overnight variable rate reverse repo auction

Feb 28 (Reuters) - Reserve Bank of India:

* India central bank sets cut-off rate of 6.23 percent at overnight variable rate reverse repo auction

* India cenbank: weighted average rate at 6.21 percent at overnight variable rate reverse repo auction

* India cenbank: allots 700.14 billion rupees at overnight variable rate reverse repo auction ; gets bids worth 844.50 billion rupees

* India cenbank: makes partial allotment of 60.12 percent at cut-off rate at overnight variable rate reverse repo auction Source text - (bit.ly/2lRz9XH)

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