China's central bank injects 80bil yuan into market

BEIJING, July 28 (Xinhua): China's central bank Tuesday pumped cash into the banking system via reverse repos to maintain liquidity.

The People's Bank of China injected 80 billion yuan (US$11.45 billion) into the market through seven-day reverse repos at an interest rate of 2.2 percent, according to a statement on the website of the central bank.