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Chinese yuan trades at 6.7356 per dollar

Chinese yuan trades at 6.7356 per dollar

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BEIJING, Nov. 12, 2015 (Xinhua) -- Photo taken on Nov. 12, 2015 shows newly-released 100-yuan bank notes in Beijing, capital of China. China
Beijing, Jan 29 (IANS) The central parity rate of the Chinese currency renminbi, or the yuan, strengthened 116 basis points to 6.7356 against the US dollar on Tuesday, 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.
--IANS
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(This story was auto-published from a syndicated feed. No part of the story has been edited by The Quint.)

(This story was auto-published from a syndicated feed. No part of the story has been edited by The Quint.)

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