China's central bank today raised the value of the yuan against the US dollar by just 0.01 per cent, the national foreign exchange market said, after a devaluation last week rocked markets.
The daily reference rate was set at 6.3969 yuan to the dollar, slightly stronger than Friday's 6.3975, the China Foreign Exchange Trade System said.
The yuan closed at 6.3946 on Monday, stronger than the daily fix but weakening 0.05 per cent from Friday's close of 6.3912.
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