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Chinese yuan weakens

IANS  |  Beijing 

The central parity rate of the Chinese currency renminbi, or the yuan, weakened 93 basis points to 6.9125 against the Thursday, according to the Foreign Exchange Trade System.

In China's spot foreign exchange market, the yuan is allowed to rise or fall by two per cent from the central parity rate each trading day, Xinhua reported.

The central parity rate of the yuan against the is based on a weighted average of prices offered by market makers before the opening of the interbank market each business day.

--IANS

sku/

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

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Chinese yuan weakens

The central parity rate of the Chinese currency renminbi, or the yuan, weakened 93 basis points to 6.9125 against the US dollar Thursday, according to the China Foreign Exchange Trade System.

The central parity rate of the Chinese currency renminbi, or the yuan, weakened 93 basis points to 6.9125 against the Thursday, according to the Foreign Exchange Trade System.

In China's spot foreign exchange market, the yuan is allowed to rise or fall by two per cent from the central parity rate each trading day, Xinhua reported.

The central parity rate of the yuan against the is based on a weighted average of prices offered by market makers before the opening of the interbank market each business day.

--IANS

sku/

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

image
Business Standard
177 22

Chinese yuan weakens

The central parity rate of the Chinese currency renminbi, or the yuan, weakened 93 basis points to 6.9125 against the Thursday, according to the Foreign Exchange Trade System.

In China's spot foreign exchange market, the yuan is allowed to rise or fall by two per cent from the central parity rate each trading day, Xinhua reported.

The central parity rate of the yuan against the is based on a weighted average of prices offered by market makers before the opening of the interbank market each business day.

--IANS

sku/

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

image
Business Standard
177 22