 "One-hundred Yuan notes are seen in this picture illustration in Beijing")
China on Monday raised the daily reference rate for the yuan by the largest margin in a decade, officials and reports said, just three months after a surprise devaluation sent shockwaves through global markets.
The central People's Bank of China adjusted the central rate of the yuan - also known as the renminbi (RMB) - upwards by 0.54 per cent against the US dollar, according to a statement. The increase was the largest since 2005 when Beijing unpegged the yuan from the dollar, Bloomberg News reported.
