1. You Are At:
  2. Home
  3. Business News
  4. China: Yuan edges higher against US dollar

China: Yuan edges higher against US dollar

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

Reported by: IANS, Beijing [ Published on: March 14, 2019 9:12 IST ]
Chinese yuan edges higher against US dollar
Image Source : AP

Chinese yuan edges higher against US dollar

The central parity rate of the Chinese currency renminbi, or the yuan, strengthened 105 basis points to 6.7009 against the US dollar on Thursday, according to the China Foreign Exchange Trade System.

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

The central parity rate of the yuan 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.

India TV is FREE TO AIR News Channel. You don't need to pay for watching it. If you are unable to watch it free of cost, contact your service provider.

Write a comment

ipl 2019
vande mataram 2019
india-rip-manohar-parrikar