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

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

 

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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.