PBOC

PBOC said it would cut the reserve requirement ratio (RRR) for all banks, except those that have implemented a 5% reserve ratio, by 25 basis points (bps), effective March 27

The cash cushion could boost market sentiment dented by Beijing's adherence to its Covid Zero policy and the crippling slump in the housing market

The People's Bank of China has already stepped up its currency defense, but it did little to stop the depreciation.

There is merit in carefully examining the recent developments in China's sovereign digital currency space and participating in it if India's interests are served

The PBOC said on Friday it would keep liquidity reasonably ample and step up financing support for key sectors and weak links of the economy, but not resort to 'flood-like' stimulus

In the spot market, the onshore yuan opened at 6.3740 per dollar and was changing hands at 6.3737 at midday, 33 pips firmer than the previous late session close

Shares of Housing Development Finance Corporation (HDFC) tumbled nearly 3 per cent to Rs 1,655 levels on the BSE on Monday morning before recovering some of the lost ground

FB's push to create cryptocurrency Libra has caused concerns among global central banks, including the PBOC, which said the digital asset must be put under central bank oversight to prevent potential

PBOC withdrew money through open market operations for the second day to check rising debt risks

Policy makers' intensified efforts to stem capital outflows have been effective

The reverse repos were priced to yield 2.25%, unchanged from Tuesday's injection of 55 billion yuan, according to a PBOC statement