RBI declares variable rate reverse repo auction results (Update)

Mumbai, July 7 (ANI): The Reserve Bank of India (RBI) on Tuesday declared the results of the overnight and the variable rate reverse repo auction here.

It was as follows:

Tenor Overnight 9 days

Notified Amount (in crores) 15,000 30,000

Total amount of offers recd) 15,975 9,400

Amount allotted (in crores) 15,002 9,400

Cut off Rate (percent) 7.23 7.24

Weighted Average Rate (percent) 7.20 7.22

Partial Allotment Percentage of offers received at cut off rate 84.93 NA (ANI)

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