PBOC drains net 3 bn yuan liquidity, cut yuan’s fixing by 30 pips

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The People’s Bank of China injects 2 billion yuan liquidity to the banking system via 7- day reverse repo on Monday, while 5 billion yuan reverse repo expires, leaving a net 3 billion yuan drained from the market.30 minutes ago

The PBOC cut the yuan’s fixing by 30 pips to 6.7467 per US dollar on Monday, compared to a fixing of 6.7437 in the previous trading day.