(Yicai Global) March 4 -- The central parity rate of the yuan against the US dollar fell 92 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 yuan central parity rate at 6.7049 against the dollar after its official close of 6.7049 on March 1.

The yuan-dollar offshore spot exchange rate dropped to 6.7028 at 9.10 a.m. from 6.6971 at 8.00 a.m.

Editor: Ben Armour