At 1529 GMT, the rand traded at 18.0850 against the U.S. dollar, close to its previous close of 18.0800.
U.S. dollar index, which measures the safe-haven currency against six major rivals, edged lower around 0.09% at 112.96.
U.S. inflation data due on Thursday is forecast to come in at a hot 8.1% year on year in September.
Analysts have warned that emerging market currencies such as the rand are likely to remain weak in the short term as investors seek the safety of the dollar amid escalating geopolitical tensions and the hawkish tone of the U.S. Federal Reserve.
"Escalating tensions in Ukraine have bolstered the dollar's safe haven appeal as risk aversion overshadows riskier assets such as... the rand," said Warren Venketas, analyst at forex trading firm IG, adding a global slowdown and recessionary fears also weighed on the local currency.
Locally, the rand was little affected by industrial production figures released earlier in the day, which showed South Africa's manufacturing output rose 1.4% year on year in August.
Shares on the Johannesburg Stock Exchange fell, mirroring similar moves by global equities amid fears of a global recession.
Overall, on the stock market, the Top-40 index ended 0.3% lower, while the broader all-share closed down 0.28%.
The government's benchmark 2030 bond fell, with the yield up 2 basis points to 10.740%.
(Reporting by Anait Miridzhanian in Johannesburg and Bhargav Acharya in Bengaluru; Editing by Neha Arora and Ed Osmond)
