RTRS:S.Africa's rand hits 15-month low against dollar
JOHANNESBURG, Sept 21 (Reuters) - South Africa's rand extended losses against the dollar on Wednesday, tumbling 1.8 percent to 15-month lows in line with other emerging markets whose currencies were sold off due to persistent anxiety over the euro zone debt crisis.
The rand was trading at 7.86 to the dollar at 1124 GMT, 1.54 percent weaker than Tuesday's New York close of 7.74. It fell to 7.882 earlier in the day, its weakest since June 7 2010.
Data showed inflation was steady in August, leaving room for an interest rate cut over the next few months, which added to the rand's woes. Other data showed retail sales growth quickened to 2.8 percent year-on-year in July, a figure seen by analysts as sluggish. (Reporting by Phumza Macanda; Editing by Jon Herskovitz)
