Uganda Shilling seen range-bound on Thursday

The Uganda shilling remained range-bound ahead of the festive period as inflows ably balanced the pockets of corporate demand for dollars that came through the market, traders said.

The local unit traded within the 3515/3525 levels per dollar during the trading day.

Money markets were liquid according to Absa. The Bank of Uganda mopped up the excess liquidity through a seven-day repurchase.

Source: New Vision

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