The People's Bank of China, China's central bank, conducted 150 billion yuan worth of 7-day reverse repos on Tuesday.
According to statistics, there were about 150 billion yuan worth of 7-day reverse repos due this week.
Traders noted that as huge amounts of money were released by the central bank's reserve requirement ratio (RRR) cut on Sunday, the central bank might to some extent scale down its reverse repos in a bid to curb excess funds and smooth market liquidity.
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