SHANGHAI: China's central bank will inject 265 billion yuan ($42.15 billion) into the money markets through reverse bond repurchase agreements on Tuesday, traders said.
The People's Bank of China (PBOC) will inject 165 billion yuan via seven-day reverse repos and an additional 100 billion yuan via 28-day reverse repos.
Maturing central bank bills and bond repurchase agreements will drain a net 160 billion yuan this week.
The PBOC conducted a net injection of 365 billion yuan into the banking system during the week beginning Sept. 24, which was the last trading week prior to China's week-long October holiday.
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