BEIJING — Chinese commercial banks continued to see net foreign exchange sales last month but the volume has narrowed from that in August, data from the country's forex regulator showed on Oct 25.

Chinese lenders bought $162.5 billion worth of foreign currencies and sold $165.9 billion worth last month, resulting in net sales of $3.4 billion, the State Administration of Foreign Exchange (SAFE) said in a statement.

The data narrowed from the $5.4 billion deficit seen in August.

In the first three quarters, the banks recorded a net forex sales of $48.2 billion, the data showed.