China central bank maintained the same base rate for exchanging its currency against the US dollar on Monday, after pledging to allow gradual appreciation of the yuan.The People’s Bank of China kept the daily mid—point of the yuan’s narrow trading band at Friday’s rate of 6.8275 to the dollar, it said on its website.But rates from China’s main commercial banks rose as high as 6.8110 yuan to the dollar, about 0.2 per cent higher than Friday
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