PBOC Sets Yuan Mid Point At 7.0731 Against The Dollar (est 7.0883)

People's Bank of China sets yuan midpoint at 7.0731 against the dollar (est 7.0883). 

• People's Bank of China said to be gauging demand for 14, 28 & 63 day reverse repos.
• PBoC injects 30 bln yuan via 14-day reverse repos; results in net drain of 10 bln yuan with 40 bln yuan maturing.