PBOC sets yuan reference rate at 6.8632

The People's Bank of China (PBoC) has set the yuan reference rate for today's markets at 6.8632, versus yesterday's rate of 6.8894.

In Open Market Operations, the PBoC also injected a net 220 billion yuan via two separate injections for 150 billion and 100 billion yuan, both into 7-day reverse repos, with 30 billion maturing today.