PBOC injects 238 bn yuan liquidity in open market operation, raised yuan’s fixing against dollar by 68 pips
PBOC injects 238 bn yuan liquidity in open market operation, raised yuan’s fixing against dollar by 68 pips

PBOC injects 238 bn yuan liquidity in open market operation, raised yuan’s fixing against dollar by 68 pips

The People’s Bank of China injects 240 billion yuan liquidity to the banking system via 7-day reverse repurchase agreement on Thursday, while 2 billion yuan reverse repurchase agreement expires, leaving a net 238 billion yuan injection.

Earlier, the central bank injected a net 278 billion yuan injection on Wednesday, 228 billion yuan on Tuesday and 8 billion yuan on Monday.

The PBOC raised the yuan’s fixing by 68 pips to 7.1570 per US dollar, compared to a fixing of 7.1638 one day earlier.

The onshore yuan closed the domestic trading session on Thursday at 7.1825 per dollar and ended the night session at 7.1710 per dollar.