At 11:36 CAT, the Rand traded at 18.7150 against the Dollar, little changed on its previous close after losing roughly 1.7% on Monday.

DeepSeek's advances have made investors question lofty valuations for major United States (US) technology and AI companies and drove steep falls in global equities on Monday which turned into a widespread flight to safety.

Analysts said heightened rand volatility in recent days could complicate the SA central bank's thinking ahead of a local interest rate decision on Thursday.

In a Reuters poll published last week, all 19 economists surveyed thought the SA Reserve Bank (SARB) would cut its repo rate by 25 basis points to 7.50% this week.

"If they (the SARB) needed a reminder of the fragility of the Rand, then they just got it, and now the decision to reduce rates further at this meeting could amplify the Rand's volatility," ETM Analytics said in a research note.

--Reuters--