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China’s money-market cash strains ease, benchmark repo rate hit lowest in a decade

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China's two important short-term funding measures extended losses on Monday to hit the lowest level in more than a decade, indicating the cash strains triggered by the regulator' takeover of a regional bank last month is easing after the authorities took a slew of measures to restore calm and inject liquidity.

The weighted average overnight repo fell to 0.9931 per cent on Monday, the lowest since 2009. The volume-weighted average rate of the benchmark seven-day . . .

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