Johannesburg - South Africa's rand was largely flat against the dollar on Tuesday, but could come under pressure ahead of the Reserve Bank's latest quarterly bulletin, which is expected to show a sizeable widening of the current account deficit.
The rand remains vulnerable to negative domestic news after falling as much as 1.3 percent on Friday when agency Fitch cut its outlook for South Africa while Standard and Poor's downgraded its rating outright.
South African markets were closed on Monday for a public holiday.
At 06h44 GMT the rand was trading at 10.7610 to the dollar, barely shifted from Monday's offshore close in New York at 10.7565.
Friday's downgrades reflected the ratings agencies' concerns about the poor prospects for Africa's most advanced economy, which contracted in the first quarter of the year mainly due to a platinum strike now in its fifth month.