Against its South African counterpart, the US dollar declined further during New York trading on Tuesday. At 10:55 am ET, the greenback slipped to 7.8268 versus the rand from Monday's New York session close of 7.9657. Presently, the greenback-rand pair is worth 7.8471.

A report from the National Association of Automobile Manufacturers of South Africa or NAAMSA said today, the South African vehicle sales decreased 16.9% year-on-year in October, compared with a 22.4% fall in the previous month.

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