(Yicai Global)  Dec. 5 -- China's central bank, the People's Bank of China (PBOC) reduced the yuan-dollar central parity rate for the seventh straight trading day today, cutting an accumulated 303 basis points off the 6.5810 figure from Nov. 24.

The China Foreign Exchange Trade System (CFETS), PBOC's interbank trading and foreign exchange division, set the yuan central parity rate at 6.6113 against the dollar, 8 basis points less than yesterday's 6.6105.

The onshore yuan-dollar spot exchange rate officially closed at 6.6187 yesterday and was at 6.6166 when night trading closed.

The offshore spot exchange rate was 6.6133 as of 9:23 am today.