The rand was weaker at the start of the new week‚ which is expected to be dominated by the Reserve Bank’s monetary policy committee’s (MPC’s) three-day meeting‚ which starts on Tuesday.
Markets will also keep a close watch on domestic consumer price index data‚ which are due for release on Wednesday.
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The Bank has repeatedly warned that rising inflation‚ which could reach 7% in the first quarter of next year from 4.6% at present‚ will result in higher rates.
"A slew of recent data and developments pointing to firm upside risks to the inflation outlook and a weak underlying growth environment have only served to heighten the policy dilemma for the MPC‚" Barclays Research analysts said.
At 8.45am‚ the rand was at R12.4067 to the dollar‚ from Friday’s close of R12.3700.
The rand was at R13.4482 against the euro from a previous close of R13.3991 and at R19.3713 to the British pound from R19.3009 previously.
The euro was at $1.0839 from its previous close of $1.0832.
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