(Yicai Global) April 2 -- The People's Bank of China strengthened the yuan by 32 basis points against the dollar this morning, fixing the central parity rate at 6.7161, marking a second day of increases.

The China Foreign Exchange Trade System, the interbank trading and foreign exchange division under the central bank, set the rate 54 points higher than yesterday's market-based closing price of 6.7107. A higher rate means a weaker yuan.

The CFETS sets the benchmark on the morning of each business day. Spot rates may deviate 2 percent above or below the figure.

Editor: William Clegg