BEIJING, Nov 3 (Reuters) – China’s central bank said on Tuesday it will raise the foreign exchange deposit reserve ratio for financial institutions to 6% from 4% from November 15.
The decision to raise the ratio is aimed at strengthening the management of foreign exchange liquidity in financial institutions, the People’s Bank of China said.
(Reporting by Liz Lee and Beijing newsroom; Editing by Jacqueline Wong)
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