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8 months ago
BRIEF-India cenbank sets 6.24 pct cut-off rate at 4-day variable rate reverse repo auction
January 2, 2017 / 7:21 AM / 8 months ago

BRIEF-India cenbank sets 6.24 pct cut-off rate at 4-day variable rate reverse repo auction

Jan 2 (Reuters) - Reserve Bank of India:

* sets cut-off rate of 6.24 percent at 4-day variable rate reverse repo auction

* weighted average rate at 6.23 percent at 4-day variable rate reverse repo auction

* allots 255 billion rupees at 4-day variable rate reverse repo auction versus 500 billion rupees notified Source text: (bit.ly/2hF5blC) (Bengaluru newsroom)

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