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PBOC Drains Net CNY20 Billion at OMOs Thursday

     BEIJING (MNI) - The People's Bank of China injected CNY60 billion in
seven-day reverse repos via open-market operations Thursday, Wind Information, a
Shanghai-based financial data provider, said. 
     This resulted in a net drain of CNY20 billion for the day.
     A total of CNY80 billion in reverse repos matures Thursday. 
     The CFETS-ICAP money-market sentiment index ended at 38 on Wednesday --
down from 43 at Tuesday's close. The lower the reading the better the liquidity
conditions in the interbank market.
     The PBOC is expected to make an official announcement on its official
website about this morning's OMO around 9:45a.m. Beijing time.
     The benchmark seven-day repo average was last at 2.6500% compared with
2.8657% on Wednesday.
--MNI Beijing Bureau; +86 10 85325998; email: he.wei@marketnews.com
[TOPICS: MMQPB$,M$A$$$,M$Q$$$,MN$MM$]

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