The People’s Bank of China also set softer-than-expected fixing for the. A number of major banks have downgraded their 2023 GDP growth forecasts for China in light of weakening economic data. The yuan is the unit notion for renminbi transactions but also applies to the currency in general.The offshore yuan weakened past 7.2 per dollar, hitting its lowest levels in almost seven months as investors were disappointed by the lack of aggressive policy measures from Beijing to support growth. In international conversion it is marked as CNY (or CNH in the Hong Kong territories) and by the symbol ¥, but the abbreviation RMB is also commonly used. More US Dollar info CNY - Chinese Yuan RenminbiThe renminbi is regarded the official currency of China. Currency Information USD - US Dollar Our currency rankings show that the most popular US Dollar exchange rate is the USD to USD rate. RMB to INR FORECAST for tomorrow, this week and month. More details on current RMB to INR below.
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