The US dollar index had risen by over 11 per cent by July 21.
"In terms of the multilateral exchange rate, the RMB exchange rate index appreciated by 0.1 percent, indicating that the RMB remained stable against a basket of currencies," Wang told a press conference.
In the first half of this year, Chinese enterprises used derivatives like forwards and options to manage exchange rate risks, with the total volume exceeding $750 billion, marking a year-on-year increase of 29 per cent, Wang was quoted as saying by official Chinese media.
ALCHEMPro News Desk (DS)
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