The People's Bank of China injected 88 billion yuan (US$14.4bil) into the money markets through six-day reverse bond repurchase agreements on Tuesday, its largest one-day injection since the week before the Spring Festival holiday in February - Reuters
SHANGHAI: China's central bank conducted its largest one-day fund injection in seven months on Tuesday, easing fears of quarter-end cash crunch such as the one that roiled global markets in late June.
The People's Bank of China injected 88 billion yuan (US$14.4bil) into the money markets through six-day reverse bond repurchase agreements on Tuesday, its largest one-day injection since the week before the Spring Festival holiday in February.
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