BRIEF-RBI sets 6.24 pct cut-off rate at overnight variable rate

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

Last Updated: Thu, Feb 16, 2017 13:00 hrs

Feb 16 (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 242.74 billion rupees at overnight variable rate reverse repo auction ; gets bids worth 242.74 billion rupees Source text:(http://bit.ly/2lagRjV) (Bengaluru newsroom)

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