The first intervention of the apex bank for the year had been made.
It is an intervention of $253.38million in the retail Secondary Market Intervention Sales (SMIS)..
The bank also made an intervention of CNY 16.76million in the spot and short-tenured forwards segment of the inter-bank foreign market.
The intervention was for requests in the agricultural and raw materials sectors.
But the Chinese Yuan, on the other hand, was for Renminbi denominated Letters of Credit.