March 3, 2017 / 5:10 AM / 5 months ago

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

March 3 (Reuters) - Reserve Bank of India:

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

* India cenbank: weighted average rate at 6.23 percent at 7-day variable rate reverse repo auction

* India cenbank: allots 160.80 billion rupees at 7-day variable rate reverse repo auction ; gets bids worth 160.80 billion rupees Source text: (bit.ly/2mMtzWz)

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