Shilling holds steady on month end flows

The Uganda shilling maintained its trading range during Tuesday’s session as month-end flows covered the corporate demand for the dollar that trickled into the market, traders said.

The unit traded within the 3590 – 3600 trading range during the quiet day of trading.

Money markets were liquid according to Absa with overnight yields at averages of 6.50%.

The Bank of Uganda will hold a sh220 treasury bill auction on Wednesday.

Source: New Vision


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