People's Bank of China reference rate for the RMB against the USD today, stronger for the yuan
Open market operations, the PBOC to:
- to inject 100 bn yuan via 7 day reverse repos
- to inject 40 bn yuan through 14 day reverse repos
100bn yuan mature today (for RRs), thus a net 40 bn yuan injection
For the week, the People's Bank of China has injected a net 510bn yuan in OMOs (70 bn yuan drain the previous week)
