December 14, 2016 / 8:56 AM / 8 months ago

BRIEF-RBI allots 1.20 bln rupees at overnight variable rate reverse repo auction

Dec 14 (Reuters) - Reserve Bank of India:

* RBI: allots 1.20 billion rupees at overnight variable rate reverse repo auction versus 500 billion rupees notified

* RBI: sets cut-off rate of 6.23 percent at overnight variable rate reverse repo auction

* RBI: weighted average rate at 6.22 percent at overnight variable rate reverse repo auction Source text - (bit.ly/2hkGGOi)

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