September 26, 2022
The exchange rate of RMB against the US dollar rose by more than 90 basis points
China Securities News (Reporter Lianrun) On the morning of September 26, the offshore RMB exchange rate against the U.S. dollar was quoted at 7.1389 yuan, which fell to 7.1637 yuan in the short term after the opening. As of 10:36, the market exchange rate was 7.1539 yuan, rebounding 98 basis points from a low point.
On the morning of the 26th, the People's Bank of China decided to raise the foreign exchange risk reserve ratio of forward foreign exchange sales from 0 to 20% from September 28, 2022, in order to stabilize foreign exchange market expectations and strengthen macro prudential management.
