BEIJING (XFN-ASIA) - The yuan finished at a record high of 7.7243 to the dollar on the over-the-counter (OTC) market, rising sharply from yesterday's close of 7.7325.
On the exchange-traded market, the yuan also finished at a record high at 7.7245, compared with 7.7310 yesterday, a Guangzhou-based trader with a foreign bank said.
The yuan traded between 7.7296 - 7.7243 in the OTC market and 7.7264 - 7.7245 in the exchange-traded market.
The central bank set the yuan central parity at 7.7268 to the dollar today, the highest level since the central bank started setting the benchmark on Jan 6, 2006.
Yesterday's rate was set at 7.7349.
The People's Bank of China currently allows a trading band of 0.3 pct on either side of the midpoint.
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