South Africa's rand firmed 1 percent against dollar to 13.3950 on Thursday, recovering some of its losses from the previous session when investors pulled back after finance minister Nhlanhla Nene cut this year's growth forecast.
Rand bounces back after budget-related drop
South Africa's rand firmed 1 percent against dollar to 13.3950 on Thursday
South African Finance Minister, Nhlanhla Nene
"The rand was a bit oversold after yesterday," said Ryan Woods, senior trader at Independent Securities.
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