The People's Bank of China said that it conducted 89 billion yuan (about 12.5 billion U.S. dollars) of seven-day reverse repos at an interest rate of 1.9 percent.
The move aims to keep liquidity reasonable and ample in the banking system, according to the central bank.
A reverse repo is a process in which the central bank purchases securities from commercial banks through bidding, with an agreement to sell them back in the future.
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