April 17, 2017 / 9:31 AM / 3 months ago

BRIEF-India cenbank sets cut-off rate of 6.22 pct at overnight variable rate reverse repo auction

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April 17 (Reuters) - Reserve Bank of India:

* India central bank sets cut-off rate of 6.22 percent at overnight variable rate reverse repo auction

* India cenbank: weighted average rate at 6.15 percent at overnight variable rate reverse repo auction

* India cenbank: allots 300.01 billion rupees at overnight variable rate reverse repo auction ; gets bids worth 321.80 billion rupees

* India cenbank: makes partial allotment of 33.55 percent at cut-off rate at overnight variable rate reverse repo auction Source text: (bit.ly/2ohyuPr)

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