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8 months ago
BRIEF-India cenbank sets 6.24 pct cut-off rate at overnight variable rate reverse repo auction
December 19, 2016 / 11:53 AM / 8 months ago

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

Dec 19 (Reuters) - Reserve Bank of India:

* allots 331.45 billion rupees at overnight variable rate reverse repo auction versus 500 billion rupees notified

* weighted average rate at 6.23 percent at overnight variable rate reverse repo auction

* sets cut-off rate of 6.24 percent at overnight variable rate reverse repo auction Source text (bit.ly/2h1Ao5M) (Bengaluru newsroom)

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