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SA rand opens steady vs dollar |
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South Africa's rand steadied against the dollar early on Wednesday and was expected to take its cue from the euro, while stock futures pointed to a slightly higher start.
The JSE's blue chip Top-40 March futures contract was up 0.06 percent ahead of market opening.
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The rand was trading at 7.40 to the dollar, not far off its previous close of 7.39 in New York on Tuesday.
The rand was last trading at 10.06 against the euro after touching its strongest level since early 2008 on Monday.
The single currency was, once again, under pressure on concerns that some euro zone economies may encounter fiscal problems similar to Greece.
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e-Gold demat delivery contract recorded volume of 578 units (1 gram each) and traded lower by Rs. 3.50/ gram from its previous close to settle Rs. 1931.20/gram while e-Silver demat delivery Contract recorded volume of 1121 lots (100 gram each) and tr |
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Long term cashew outlook continues to be cloudy. Inventories seem to be low across the chain due to short crops and hand-to-mouth buying. |
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MCX Comdex was up by 1.25% to 2764.44, MCX Energy was up by 1.71% to 2558.64 and MCX Metal was up by 2.83% to 3539.05. |
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