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    Nepal Breaking NewsWorldChina's central bank performs reverse repos worth 10 billion yuan.

    China’s central bank performs reverse repos worth 10 billion yuan.

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    The People’s Bank of China performed 10 billion yuan (4 billion US dollars) in reverse repos on Monday to keep the reasonably liquid.

    According to a statement on the People’s Bank of China’s website, the rate for seven-day reverse repos was at .2 percent.

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    A reverse repo is a process in which the bank buys securities from commercial banks through bidding with the intention of selling them back later.


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