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RENMINBI EXCHANGE RATE STAGES FIVE JUMPS IN 8 DAYS.
BEIJING, Oct 2 Asia Pulse - The exchange rate of the Renminbi (RMB), the Chinese currency, staged five significant psychological rises in eight trading days, reaching the level of 7.90 yuan against one US dollar on September 28.
It hovered around the 7.90 level on September 29, the last trading day before the week-long National Day holiday from October 1-7.
The RMB has appreciated by 2.1 per cent so far since this year, which has triggered some worries. Calculated based on the central parity of 7.8998 yuan against one US dollar on September 28, the RMB exchange rate has followed an appreciation trend for three weeks ...
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