December 27, 2016 / 11:47 AM / 7 months ago

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

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Dec 27 (Reuters) - Reserve Bank of India:

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

* RBI: allots 538.79 billion rupees at overnight variable rate reverse repo auction versus 600 billion rupees notified

* RBI: weighted average rate at 6.23 percent at overnight variable rate reverse repo auction Source text: bit.ly/2i2LZCd

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