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BRIEF-India cenbank sets 6.23 pct cut-off at 7-day variable rate reverse repo auction
April 12, 2017 / 7:40 AM / 8 months ago

BRIEF-India cenbank sets 6.23 pct cut-off at 7-day variable rate reverse repo auction

April 12 (Reuters) - Reserve Bank of India:

* India central bank sets cut-off rate of 6.23 percent at 7-day variable rate reverse repo auction

* India cenbank: weighted average rate at 6.23 percent at 7-day variable rate reverse repo auction

* India cenbank: allots 300.06 billion rupees at 7-day variable rate reverse repo auction; gets bids worth 423.00 billion rupees

* India cenbank: makes partial allotment of 97.31 percent at cut-off rate at 7-day variable rate reverse repo auction Source text: bit.ly/2orreTM

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