March 6, 2017 / 6:16 AM / 4 months ago

BRIEF-India cenbank sets cut-off rate of 6.24 pct at 8-day variable rate reverse repo auction

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March 6 (Reuters) - Reserve Bank of India:

* India central bank sets cut-off rate of 6.24 percent at 8-day variable rate reverse repo auction

* India cenbank: weighted average rate at 6.24 percent at 8-day variable rate reverse repo auction

* India cenbank: allots 500.11 billion rupees at 8-day variable rate reverse repo auction ; gets bids worth 505.60 billion rupees

* India cenbank: makes partial allotment of 98.73 percent at cut-off rate at 8-day variable rate reverse repo auction Source text: (bit.ly/2lMUQpW)

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