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BRIEF-India cenbank sets 6.24 pct cut-off rate at 3-day variable rate reverse repo auction
December 16, 2016 / 11:49 AM / in 10 months

BRIEF-India cenbank sets 6.24 pct cut-off rate at 3-day variable rate reverse repo auction

Dec 16 (Reuters) - Reserve Bank of India:

* allots 124.34 billion rupees at 3-day variable rate reverse repo auction versus 500 billion rupees notified

* sets cut-off rate of 6.24 percent at 3-day variable rate reverse repo auction

* weighted average rate at 6.22 percent at 3-day variable rate reverse repo auction Source text (bit.ly/2h7X5CT) (Bengaluru newsroom)

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