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BRIEF-India cenbank sets cut-off rate of 6.24 pct at overnight variable rate reverse repo auction
January 4, 2017 / 11:25 AM / 9 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 262.75 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 6.23 percent at overnight variable rate reverse repo auction Source text: (bit.ly/2i9yjT9)

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