S.Africa rand recovers some ground on rate decision

Thu Sep 20, 2012 1:47pm GMT

JOHANNESBURG, Sept 20 (Reuters) - South Africa's rand recovered some lost ground on Thursday, immediately after the central bank kept its benchmark repo rate steady at 5 percent.

The rand was at 8.35 to the dollar following the decision, having weakened to 8.38 earlier in the session on the central bank's inflation outlook. (Reporting by Vuyani Ndaba; editing by David Dolan)

  • Africa
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UK £ USD =1.2617
Euro USD =1.1124
Rand USD =0.0764