MARKET WRAP: Rand firms as investors mull Reserve Bank decision

The rand pared earlier losses on Thursday as markets digested the SA Reserve Bank’s decision to keep interest rates unchanged.

At 5.55pm, the rand had firmed 0.28% to R16.2260/$ reaching R16.17/$ earlier in the day, its best level since March. It had strengthened 0.20% to R19.1868/€ and 0.28% to R21.0126/£. The euro had firmed 0.11% to $1.1825.

Source: businesslive.co.za