The rand was on track for its third consecutive week of gains on Friday morning, getting a slight boost after the SA Reserve Bank kept the repo rate unchanged as markets expected.

The local currency reached its best level in three weeks on Thursday at R14.64/$ as the Bank kept the rate at 6.5%. The move by the Bank was largely priced in as the market factored in a looming credit rating downgrade by Moody's Investors Service  and the performance of the rand...

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