Market Commentary and Intraday News
South Africa Gross Reserves Increase In August
257 days ago
(RTTNews) - South Africa's gross reserves increased to $49.99 billion in August from $49.398 billion in July, data released by the South African Reserve Bank showed Friday.
Economists expected total reserves to increase to $49.79 billion. International liquidity position or net reserves totaled $48.3 billion in August, up from $47.97 billion in the previous month.
Foreign exchange reserves advanced to $40.6 billion from $40.2 billion in July. Gold reserves increased slightly to $6.679 billion from $6.53 billion in the previous month.
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