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The People's Bank of China (PBoC) on Monday injected 130 billion yuan ($20 billion) in the financial system by offering seven-day reverse repurchase agreements, increasing efforts to combat capital flight from the country's economy and stock markets.
The PBoC already injected 110 billion yuan in the financial system on Friday.
China's central bank set today's daily fixing at 6.4824 per U.S. dollar, down from 6.4628 on Friday.
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