Money rate extends decline on speculation inflows rising

China's money-market rate declined for a third day on speculation that rising capital inflows will help boost the supply of cash in the financial system. The seven-day repurchase rate, which measures interbank funding availability, dropped 6 basis points to 3.21 percent at the 4:30 pm close in Shanghai, according to a weighted average rate compiled by the National Interbank Funding Center. "Foreign capital inflows are probably rising, which is helping bring down money market rates," said Wang Huane, a senior bond trader at Qilu Bank Co in Jinan, Shandong province.

Government keeps fuel prices unchanged