|
WASHINGTON, July 28-- International Monetary Fund (IMF) said on Friday that the China's Renminbi exchange rate is broadly consistent with fundamentals and desirable policies. "The renminbi, despite moving closer to the level consistent with overall assessment, remained broadly in line with fundamentals and desirable policies," said the IMF in its latest External Sector Report released on Friday. According to the report, in 2016, the average real effective exchange rate (REER) depreciated by about 5.1 percent compared to 2017, reflecting in part the strengthening of the U.S. dollar. | 
