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MNI: PBOC Net Drains CNY50 Billion via OMOs

     BEIJING (MNI) - The People's Bank of China (PBOC) injected CNY10 billion
via 7-day reverse repos on Tuesday, adding liquidity for the sixth day. This
resulted in a net drain of CNY50 billion given that CNY60 billion of reverse
repos matured today, according to Wind Information.
- The 7-day weighted average interbank repo average rate for depository
institutions (DR007) fell to 2.1000% at 9:54 local time from the close of
2.4823% on Monday: Wind Information. 
- The CFETS-NEX money-market sentiment index closed at 40 on Monday vs 48 on
June 6.
--MNI Beijing Bureau; +86 (10) 8532-5998; email: wanxia.lin@marketnews.com
--MNI Sydney Bureau; +61 405322399; email: lachlan.colquhoun.ext@marketnews.com
[TOPICS: M$A$$$,M$Q$$$,MGQ$$$,MN$MM$]

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