PBOC sets USD/CNY reference rate for today at 6.6356 (vs. yesterday at 6.6271)

Open Market operations ... People's Bank of China

  • To inject 130 bn yuan through 7 day reverse repos
  • To inject 40 bn yuan through 14 day reverse repos
  • To inject 10 bn yuan through 63 day reverse repos

After accounting for maturities of RRs a net 10bn yuan injection

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