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BEIJING (MNI) - The People's Bank of China (PBOC) skipped its open market
operations (OMO) on Tuesday, stating on its website that large fiscal
expenditure at the end of the month can offset the impact of maturing reverse
repos and maintain the liquidity at a high level. That resulted in a net drain
of CNY30 billion, as the same amount of reverse repos matured today, according
to the PBOC.
-CFETS-ICAP's money-market sentiment index closed at 32 on Monday, up from 29 on
-Benchmark 7-day deposit repo average rose to 2.6500% on Tuesday from 2.6238% on
Monday: Wind Information.
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