Offshore RMB rises 165 points against the US dollar to 6.9757 yuan

AIcoin2025/12/31 22:36

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The offshore RMB against the US dollar was quoted at 6.9757 yuan, up 165 points from Tuesday's New York close, with an intraday trading range of 6.9945-6.9752 yuan. In December, it rose by about 950 points, an increase of 1.35%; in the fourth quarter, it rose by about 1,500 points, an increase of 2.14%; and in 2025, it has risen by about 3,600 points, an increase of more than 4.93%.

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Indian regulators announced on Thursday that they will allow the country’s $463 billion portfolio management industry to invest in overseas securities for the first time and to conduct short-selling in stock options. This move opens up new channels for India’s wealthy class to access global markets and holds significance for AI-related assets, which have attracted strong investor interest. Additionally, India will launch new portfolio management products with lower investment thresholds.

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