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

Last Updated: Wed, Feb 15, 2017 13:20 hrs

Feb 15 (Reuters) - Reserve Bank of India:

* sets cut-off rate of 6.24 percent at overnight variable rate reverse repo auction

* weighted average rate at 6.23 percent at overnight variable rate reverse repo auction

* allots 174.94 billion rupees at overnight variable rate reverse repo auction ; gets bids worth 174.94 billion rupees Source text:(http://bit.ly/2kIKsjg) (Bengaluru newsroom)

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