April 13, 2018 / 9:54 AM / 3 months ago

BRIEF-India Cenbank Sets Cut-Off Rate Of 5.99 Pct At 7-Day Variable Rate Reverse Repo Auction

April 13 (Reuters) - Reserve Bank of India:

* India central bank sets cut-off rate of 5.99 pct at 7-day variable rate reverse repo auction

* India cenbank: weighted average rate at 5.96 pct at 7-day variable rate reverse repo auction

* India cenbank: allots 177.05 bln rupees at 7-day variable rate reverse repo auction ; gets bids worth 177.05 bln rupees

Source text: bit.ly/2JJ8Cao (Reporting By Arnab Paul in Bengaluru)

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