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Chinese banks see net forex sales in March

Chinese banks see net forex sales in March

India Blooms News Service | @indiablooms | 18 Apr 2019, 11:56 am

Beijing, April 18 (Xinhua) Chinese commercial banks continued to see net foreign exchange sales last month but the volume has narrowed from that in February as cross-border capital flows remained basically stable, the country's forex regulator said Thursday.

Chinese lenders bought 151.3 billion U.S. dollars worth of foreign currencies and sold 157.5 billion dollars worth last month, resulting in net sales of 6.1 billion dollars, the State Administration of Foreign Exchange (SAFE) said in a statement.

The data narrowed from the 15 billion dollars deficit seen in February.

In the first quarter, the banks recorded a net forex sales of 9.1 billion dollars, the data showed.

Chinese banks see net forex sales in March

India Blooms News Service
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