BRIEF-India cbank sets cut-off yield at 8 pct on 14-day term repo auction

MUMBAI, Jan 24 (Reuters) - The Reserve Bank of India: * India cbank: sets cut-off yield at 8.00 percent at 14-day term repo auction * Accepts 390.01 billion rupees at 14-day term repo auction, receives 724 billion rupees * Partial allotment of 75 percent for bids received at cut-off rate * Weighted average rate at 8.05 percent

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