The PBOC allows the yuan to fluctuate within a +/- 2% range, around this reference rate. More here on this. PBOC injected CNY 349bn via overnight reverse repos, but ran zero 7-day reverse repo volume FridayNet effect: CNY 1.001tln drained today via maturities, no new reverse repos conductedWeekly net drain totals CNY 1.0985tln as repo and outright maturities outpaced injections This article was written by Eamonn Sheridan at investinglive.com.