South Africa’s rand firmed early on Tuesday, extending gains from the previous session ahead of a central bank policy meeting where the regulator is expected to keep rates on hold over concerns of high inflation and low economic growth.
* At 0650 GMT, the rand traded at 13.4350 per dollar, 0.24 percent firmer from its New York close of 13.4800.
* Market focus on the South African Reserve Bank’s decision on interest rates at 1500 GMT. Reuters poll sees the body leaving lending rate at 7 percent.
* Stocks were set to open higher at 0700 GMT, with the JSE securities exchange’s Top-40 futures index up 0.3 percent.
Credit: CNBC Africa