Beijing - Saba:
The Chinese yuan fell against the dollar in trading on Tuesday, with the People's Bank of China setting the reference rate at 7.0830 yuan per dollar.
The reference rate is determined by buying prices offered by major financial institutions before interbank market transactions.
The People's Bank of China injected 68.3 billion yuan (9.56 billion dollars) through a seven-day reverse repurchase agreement to maintain liquidity in the banking system.
The Chinese yuan fell against the dollar in trading on Tuesday, with the People's Bank of China setting the reference rate at 7.0830 yuan per dollar.
The reference rate is determined by buying prices offered by major financial institutions before interbank market transactions.
The People's Bank of China injected 68.3 billion yuan (9.56 billion dollars) through a seven-day reverse repurchase agreement to maintain liquidity in the banking system.