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Yuan remains stable against basket of currencies


06-29-2016 14:58 BJT

China's central bank soothed investors on Tuesday, saying the yuan remains stable against the trade-weighted basket of currencies, and that regulators will stick to the current mechanism for managing the yuan's exchange rate.

On the same day, the Shanghai branch of the State Administration of Foreign Exchange quashed rumours of a suspension in personal forex investment by saying "there's been no change in policies concerning Chinese individuals forex purchases."  

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