South Africa's international reserves declined modestly in April, data released by the South African Reserve Bank showed Tuesday.
Net international reserves decreased to $48.8 billion in April from $48.91 billion in March. Economists had forecast an increase to $49.1 billion.
Gross reserves fell to $49.9 billion during the month from March's $50.68 billion. Economists had forecast a slight increase to $50.93 billion.
The value of South Africa's gold reserves was almost steady at $6.68 billion compared to $6.70 billion in March. Special drawing rights (SDR) remained broadly unchanged at $2.77 billion.
Total foreign exchange reserves edged down to $40.5 billion from $41.21 billion in the preceding month.
by RTT Staff Writer
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