(Yicai Global) March 6 -- The central parity rate of the yuan against the US dollar fell 55 basis points before the opening of today's interbank market.

The China Foreign Exchange Trade System, the interbank trading and foreign exchange division of China's central bank the People's Bank of China, set the redback's central parity rate at 6.7053 against its green counterpart after yesterday's official close of 6.7038.

The yuan-dollar onshore spot exchange rate dropped to 6.7050 from 6.7088 at 9.30 a.m. 

Editor: Ben Armour