The rand gained for a fifth day 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.

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