January 5, 2017 / 11:29 AM / 7 months ago

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

Jan 5 (Reuters) - Reserve Bank of India:

* allots 279.71 billion rupees at overnight variable rate reverse repo auction versus 500 billion rupees notified

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

* weighted average rate at 6.23 percent at overnight variable rate reverse repo auction Source text: (bit.ly/2iEvYTh) (Bengaluru newsroom)

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