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PBOC conducts RMB50 bln 7D reverse repos Tue.

BEIJING
2015-09-15 12:33

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The People's Bank of China, China's central bank, conducted 50 billion yuan worth of 7-day reverse repos in Tuesday's open market operations. Data shows that about 230 billion yuan worth of reverse repos were due this week. On last Friday, China's central bank announced that it would check each bank's average RRR instead of their RRR at certain dates of each month from Tuesday

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