PBOC to inject 40 billion yuan via seven-day reverse repos

BEIJING - China's central bank will inject 40 billion yuan ($6.00 billion) into money markets through seven-day reverse bond repurchase agreements on Tuesday, traders said. Maturing reverse repos will drain a net 840 billion yuan from the banking system this week. The People's Bank of China conducted a net injection of 180 billion yuan from the banking system last week. -Reuters