Offshore RMB trading boost pushes StanChart RGI up 9.4%

Standard Chartered’s latest Renminbi Globalisation Index (RGI) showed a 9.4% month on month boost to 2,312 in August from a revised 2,113 in July. The rise was mainly due a surge in CNH foreign exchange turnover caused by the increased currency volatility since the RMB fixing reform.