You are here: Home » News-IANS » Business-Economy
Business Standard

Chinese yuan edges higher against US dollar

IANS  |  Beijing 

The central parity rate of the Chinese renminbi, or the yuan, strengthened 251.00 basis points to 6.7909 against the US dollar Friday, according to the Foreign Exchange Trade System.

In China's spot foreign exchange market, the is allowed to rise or fall by 2 percent from the central parity rate each trading day, reported.

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

--IANS

vin

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

First Published: Fri, January 11 2019. 07:40 IST
RECOMMENDED FOR YOU
RECOMMENDED FOR YOU