July 20, 2017 / 10:29 AM / a month ago

BRIEF-India cenbank sets 6.24 pct cut-off rate at 7-day variable rate reverse repo auction

July 20 (Reuters) - Reserve Bank of India:

* India central bank sets cut-off rate of 6.24 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 330.00 billion rupees

* India cenbank: makes partial allotment of 71.30 percent at cut-off rate at 7-day variable rate reverse repo auction

Source text - bit.ly/2ub6VLx

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