China's benchmark money-market rate rose amid the current drop in stocks for a ninth day, which considered the longest downward strike in 19 years. Moreover, current moves came after the failure to alleviate the worst cash crunch since June, even after the targeted injected cash by the central bank. The seven-day repurchase rate, a gauge of funding availability in the banking system, increased 100 basis points to a six-month high of 7.60% in Shanghai .
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