PBOC injects CNY 380 billion via seven-day Reverse Repos

Dhwani Mehta FXStreet

People's Bank of China (PBOC) injects CNY 380 billion via seven-day Reverse Repos (RRs) on Tuesday.

The Chinese central bank injected an additional CNY 120 billion vis 14-day RRs, Reuters quoted some traders.

This comes amid increased efforts by the Chinese authorities to stabilize the markets, with the coronavirus rising threats negatively affecting the country’s stock markets.

The Chinese stocks opened lower but quickly recovered ground, now witnessing a relief rally after Monday’s 8% slide.

China's Foreign Ministry: Hope US provides aid it has promised coronavirus outbreak soon

Author

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

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