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BRIEF-India cenbank sets cut-off rate of 6.24 pct at 7-day variable rate reverse repo auction
May 2, 2017 / 10:02 AM / 7 months ago

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

May 2 (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 6.24 percent at 7-day variable rate reverse repo auction

* India cenbank: allots 250.12 billion rupees at 7-day variable rate reverse repo auction ; gets bids worth 253.02 billion rupees

* India cenbank: makes partial allotment of 98.27 percent at cut-off rate at 7-day variable rate reverse repo auction Source text: (bit.ly/2oSS6O7)

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