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8 months ago
BRIEF-India cenbank sets cut-off rate of 6.24 pct at overnight variable rate reverse repo auction
January 4, 2017 / 5:44 AM / 8 months ago

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

Jan 4 (Reuters) - Reserve Bank of India:

* RBI: allots 500.07 billion rupees at overnight variable rate reverse repo auction versus 500 billion rupees notified

* 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: makes partial allotment of 22.68 percent at cut-off rate at overnight variable rate reverse repo auction Source text: (bit.ly/2hOnhlu)

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