Business
Chinese yuan strengthens against US
Beijing, June 23:The central parity rate of the Chinese yuan strengthened 277 basis points to 6.5658 against the US dollar on Thursday, according to the China Foreign Exchange Trading System.
In China's spot foreign exchange market, the yuan is allowed to rise or fall by 2 per cent from the central parity rate each trading day, Xinhua news agency reported.
The central parity rate of the yuan against the US dollar is based on a weighted average of prices offered by market makers before the opening of the interbank market each business day.
12 seconds ago
Microsoft posts $21.9 billion in net income, bets big on AI
1 minute ago
Congruent Solutions appoints Mahesh Natarajan as Chief Revenue Officer
2 minutes ago
US awards $13.6 billion to Micron which has a chip plant in progress in India
3 minutes ago
Blinkit now more valuable that Zomato’s core food business: Report
5 minutes ago
Homegrown Boult aims Rs 1,000 crore in revenue this fiscal year: Co-founder
6 minutes ago
Tech Mahindra shares jump more than 8 per cent on turnaround strategy
just now
6 hours ago
Rahul, Priyanka's 'proposed' visit to Ayodhya evokes sharp reactions from saints
20 hours ago
The BioInnovation Institute and Science presented the Innovation Prize to Indian American Aditya Kunjapur
20 hours ago
Pennsylvania Republican primary results show Haley with over 150,000 votes.
20 hours ago
Mandates airline refunds and fee transparency introduced by Biden
20 hours ago
Initiative to tackle newborn malnutrition in rural India promoted by the Indian Consulate in NY
21 hours ago
In Los Angeles, a high-ranking US diplomat convenes with the Jain community