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BRIEF-India cenbank sets 6.24 pct cut-off rate at 3 day variable rate reverse repo auction
December 23, 2016 / 5:58 AM / in a year

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

Dec 23 (Reuters) - Reserve Bank of India:

* allots 74.09 billion rupees at 3 day variable rate reverse repo auction versus 500 billion rupees notified

* weighted average rate at 6.24 percent at 3 day variable rate reverse repo auction

* sets cut-off rate of 6.24 percent at 3 day variable rate reverse repo auction Source text: (bit.ly/2hOjoRj) (Bengaluru newsroom)

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