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10 months ago
BRIEF-India cenbank sets cut-off rate of 6.24 pct at 1-day variable rate reverse repo auction
October 4, 2016 / 11:47 AM / 10 months ago

BRIEF-India cenbank sets cut-off rate of 6.24 pct at 1-day variable rate reverse repo auction

Oct 4 (Reuters) - Reserve Bank of India:

* Weighted average rate at 6.22 pct at 1-day variable rate reverse repo auction

* Sets cut-off rate of 6.24 percent at 1-day variable rate reverse repo auction

* Allots 458.20 billion rupees at 1-day variable rate reverse repo auction; gets bids worth 458.20 billion rupees Source text: bit.ly/2dsiBlp

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