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6 months ago
BRIEF-India cenbank sets cut-off rate of 6.24 pct at overnight variable rate reverse repo auction
February 22, 2017 / 11:49 AM / 6 months ago

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

Feb 22 (Reuters) - Reserve Bank of India:

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

* India cenbank: weighted average rate at 6.22 percent at overnight variable rate reverse repo auction

* India cenbank: allots 700.08 billion rupees at overnight variable rate reverse repo auction ; gets bids worth 702.14 billion rupees

* India cenbank: makes partial allotment of 96.56 percent at cut-off rate at overnight variable rate reverse repo auction Source text: (bit.ly/2mlljvy)

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