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imageSHANGHAI: China's central bank will drain 18 billion yuan ($2.93 billion) from the money markets through 14-day bond repurchase agreements on Tuesday, traders said.

Maturing repos will inject a net 40 billion yuan into the banking system this week.

The People's Bank of China (PBOC) conducted a net injection of 45 billion yuan into the banking system last week.

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