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BRIEF-India cenbank sets cut-off rate of 6.49 pct at overnight variable rate reverse repo auction
October 3, 2016 / 11:31 AM / a year ago

BRIEF-India cenbank sets cut-off rate of 6.49 pct at overnight variable rate reverse repo auction

Oct 3 (Reuters) - Reserve Bank of India:

* Weighted average rate at 6.47 percent at overnight variable rate reverse repo auction

* Allots 600.05 billion rupees at overnight variable rate reverse repo auction ; gets bids worth 619.34 billion rupees

* Sets cut-off rate of 6.49 percent at overnight variable rate reverse repo auction

* Makes partial allotment of 69.54 pct at cut off rate at overnight variable rate reverse repo auction Source text: bit.ly/2dDIjSW

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