The People's Bank of China (PBOC) conducted a 7-day reverse repo operation of RMB157 billion today (21st), with the operation rate remaining unchanged at 1.4%. With RMB92 billion of reverse repos maturing today, the net injection for the day is RMB65 billion. Related NewsCentral Parity of USD/ RMB Dips 15 bps to 7.1931