Johannesburg - The rand firmed late on Tuesday after tumbling to two-and-a-half week lows earlier when rating's agency Fitch warned that South Africa could lose its investment grade status.
By 17:14 GMT the rand had gained 0.08% against the greenback to R11.7600/$, recovering after falling close to 1% at R11.8175, its weakest level since February 12.
Yields on government bonds rose at a government auction earlier, with the benchmark instrument due in 2026 up 7.5 basis points to 7.7% by late trade.