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MNI: PBOC Net Drains CNY60 Bln Via OMOs

     BEIJING (MNI) - The PBOC skipped open market operations on Tuesday,
resulting in a net drain of CNY60 billion in liquidity as the same amount of
reverse repos matured today, according to Wind Information. The central bank
said liquidity in the banking system is at a relatively high level to absorb the
impact of reverse repo maturities.
  - This is the fifth straight trading day the PBOC has skipped OMOs; 
  - Tuesday is the eighth consecutive trading day the central bank has net
drained liquidity;
  - CFETS-ICAP's money-market sentiment index closed at 40 on Monday, down from
51 on Sept 30;
  - Benchmark 7-day deposit repo average dropped to 2.6292% on Tuesday from
2.6338% on Sept 30: Wind Information. 
--MNI Beijing Bureau; +86 (10) 8532-5998; email:
--MNI Beijing Bureau; +86-10-8532-5998; email:
[TOPICS: M$A$$$,M$Q$$$,MGQ$$$,MN$MM$]

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