The PBOC allows the yuan to fluctuate within a +/- 2% range, around this reference rate. More here on this
PBOC inject 257.5 billion yuan of overnight reverse repurchase operation
621 billion yuan of overnight reverse repurchase mature
151 billion yuan of 7-day reverse repurchase mature
net withdrawal was 514.5 billion yuan.
This article was written by Eamonn Sheridan at investinglive.com.
