Bank: Stable yuan a boost to reserves

Rise in values of global currencies means balance nears $3.03 trillion

Forex reserves stood above $3 trillion for the third consecutive month in April, thanks to stabilizing expectations for the yuan's exchange rate, according to the nation's top currency regulator.

Foreign exchange reserves stood near $3.03 trillion in March, up from about $3.01 trillion in the previous month, according to data on Sunday from the People's Bank of China.