Markets

South Africa's rand falls 1.2pc to new 4-year low against dollar

Published May 28, 2013 Updated May 28, 2013 07:31am

1 min

By Shoaib Ur Rehman

Add BRecorder as a trusted
source on Google

JOHANNESBURG: South Africa's rand fell more than 1.2 percent to a fresh 4-year low against the dollar on Tuesday, extending earlier losses in a market bracing for what is likely to be a weak first quarter GDP print.

The rand hit 9.7130 per dollar, its weakest level since March 2009, compared with Monday's close at 9.5914.

Read Comments