China FX regulator: supply and demand in forex market balanced in Nov

BEIJING, Dec 18 (Reuters) - Supply and demand in the foreign exchange market continued to be balanced in November, China's State Administration of Foreign Exchange said on Monday.

The statement from SAFE followed its release of data showing China's commercial banks sold a net $7.5 billion of foreign exchange in November, compared with a net purchase of $2.8 billion in October.

SAFE said that foreign exchange purchases by individuals fell 44 percent year-on-year in November.

(Reporting by Beijing Monitoring Desk; Editing by Sam Holmes)