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BRIEF-India cenbank sets 6.24 pct cut-off rate at 7-day variable rate reverse repo auction
February 20, 2017 / 6:10 AM / 7 months ago

BRIEF-India cenbank sets 6.24 pct cut-off rate at 7-day variable rate reverse repo auction

Feb 20 (Reuters) - Reserve Bank of India:

* sets cut-off rate of 6.24 percent at 7-day variable rate reverse repo auction

* weighted average rate at 6.24 percent at 7-day variable rate reverse repo auction

* allots 202.85 billion rupees at 7-day variable rate reverse repo auction; gets bids worth 202.85 billion rupees Source text:(bit.ly/2lc9YQT) (Bengaluru newsroom)

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