INR: HSBC On INR Drivers & Outlook

May-09 01:34

You are missing out on very valuable content.

The global bank weighs in on recent USD/INR price action. It maintains its recent downward revision ...

Historical bullets

CHINA: Central Bank Withdraws Liquidity via OMO. 

Apr-09 01:26
  • The PBOC issued CNY118.9b of 7-day reverse repo at 1.5% during this morning’s operations.
  • Today’s maturities CNY229.9bn
  • Net liquidity withdrawal of CNY111bn.
  • The PBOC monitors and maintains liquidity in the interbank market through the issuance of reverse repo.
  • The CFETS Pledged Repo Deposit Institutions 7 Day Weighted Average is at 1.59%, from yesterday’s close of 1.77%
  • China’s overnight interbank repo rate is 1.76%, from yesterday’s close of 1.63%.
  • China’s 7-day interbank repo rate is 1.75%, from yesterday’s close of 1.83%.
image

MNI: CHINA PBOC CONDUCTS CNY118.9 BLN VIA 7-DAY REVERSE REPO WEDS

Apr-09 01:21
  • CHINA PBOC CONDUCTS CNY118.9 BLN VIA 7-DAY REVERSE REPO WEDS

CNY: CNY Fix Lower than Estimates.

Apr-09 01:20

The USD/CNY fix printed at 7.2066, versus a BBG market consensus of 7.3387. 

  • The USD/CNY fix was little higher versus yesterday’s fix  of 7.2038. The fixing error was -1321pips today
  • USD/CNH has gained  +0.516% at 7.3867 in morning’s trading.