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Chinese yuan weakens

IANS  |  Beijing 

The Chinese currency yuan, weakened 125 basis points to 6.8904 against the on Wednesday, according to the Foreign Exchange Trading 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 news 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

in/

(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 Chinese currency yuan, weakened 125 basis points to 6.8904 against the US dollar on Wednesday, according to the China Foreign Exchange Trading System.

The Chinese currency yuan, weakened 125 basis points to 6.8904 against the on Wednesday, according to the Foreign Exchange Trading 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 news 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

in/

(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 Chinese currency yuan, weakened 125 basis points to 6.8904 against the on Wednesday, according to the Foreign Exchange Trading 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 news 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

in/

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

image
Business Standard
177 22

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