December 19, 2016 / 6:41 AM / 7 months ago

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

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Dec 19 (Reuters) - Reserve Bank of India:

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

* Weighted average rate at 6.24 percent at overnight variable rate reverse repo auction

* Allots 300.03 billion rupees at overnight variable rate reverse repo auction; gets bids worth 358.80 billion rupees

* Makes partial allotment of 77.26 percent at cut-off rate at overnight variable rate reverse repo auction Source text: bit.ly/2hPPIkk

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