(Yicai Global) March 7 -- The central parity rate of the yuan against the US dollar fell 57 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 6.7110 against its green counterpart after yesterday's official close of 6.7106.

The yuan-dollar onshore spot exchange rate rose to 6.7120 from 6.7125 at 9.30 a.m. 

Editor: Ben Armour