December 14, 2016 / 5:05 AM / 7 months ago

BRIEF-India cenbank allots 550.62 bln rupees at overnight variable rate reverse repo auction

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Dec 14 (Reuters) - Reserve Bank of India:

* RBI: sets cut-off rate of 6.24 percent at overnight variable rate reverse repo auction

* RBI: weighted average rate at 6.22 percent at overnight variable rate reverse repo auction

* RBI: allots 550.62 billion rupees at overnight variable rate reverse repo auction versus 800 billion rupees notified Source text - (bit.ly/2hv4fC9)

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