Repo rate drops most in two months

China's benchmark money-market rate fell the most in two months as the central bank pumped money into the financial system to support growth in the world's second-largest economy.

The People's Bank of China sold 59 billion yuan ($9.5 billion) of seven-day reverse repurchase agreements at a yield of 3.35 percent, said a trader at a primary dealer required to bid at the auctions.