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RAND STEADY AS SOUTH AFRICAN MARKETS BRACE FOR POSSIBLE INTEREST RATE HIKE
The South African rand was trading around 16.2375 to the US dollar on Monday as investors awaited Wednesday's inflation figures and Reserve Bank interest rate decision. Markets are increasingly pricing the possibility of a 25 basis point rate increase, while July inflation slowed to 4.3 percent.
BigV•1h ago•1 min read