South Africa's rand notched up further gains against the dollar on Thursday as global markets rebounded but remained not far off four-month lows touched a weak ago.
The domestic currency was trading at 7.4140 against the dollar, 0.3 percent stronger than the previous New York close of 7.4350.
But market watchers said the rand's gains were somewhat below par given a rebound in global equity markets from a recent slide sparked by investors dropping riskier assets for low-yielding but less risky currencies like the yen.
Read more at Reuters South Africa
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