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Rand manipulation claims 'false and inaccurate' – Standard Bank

Compiled by Lameez Omarjee

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Standard Bank is witnessing some pockets of consumer strain as interest rates continue to rise. More customers have chosen to go into debt review this year.

Standard Bank is witnessing some pockets of consumer strain as interest rates continue to rise. More customers have chosen to go into debt review this year.

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Standard Bank has rejected claims that it has been involved in rand manipulation, labelling the allegations as "false and inaccurate."

The bank is among two-dozen foreign and local banks that competition authorities are investigating over allegations of manipulating the value of the rand exchange rate between 2007 and 2013.

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Rand - Dollar

18.54

+0.1%

Rand - Pound

23.27

-0.0%

Rand - Euro

19.90

+0.0%

Rand - Aus dollar

12.19

-0.1%

Rand - Yen

0.12

-0.4%

Platinum

966.90

+0.9%

Palladium

936.00

-0.3%

Gold

2,307.43

+0.2%

Silver

26.70

+0.1%

Brent Crude

83.67

+0.3%

Top 40

69,944

0.0%

All Share

76,047

0.0%

Resource 10

60,380

0.0%

Industrial 25

105,857

0.0%

Financial 15

16,588

0.0%

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