At 0701 GMT, the rand traded at R16.33 against the dollar, 0.03% weaker than its previous close.
“The dollar will likely remain supported and the rand under pressure in the near term, with a recovery of last week’s losses seemingly unlikely unless there is a significant shift in the market’s assessment of the global inflation and economic outlook,” ETM Analytics wrote in a research note.The government’s benchmark 2030 bond was stable at 10.445%.
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