Currency update from Tuesday's session

________________

The Uganda shilling traded stable Tuesday overall as month-end dollar inflows covered the dollar demand from the oil, manufacturing, and telecom.

The local unit remained unchanged within the 3660/3670 levels during Tuesday’s session.

Money markets remained liquid on Tuesday with overnight yields trading at averages of 10.69% according to Absa market report.

The Bank of Uganda is scheduled to hold a treasury bond auction on October 30, 2024, tenors on offer are 2 years, 5 years, and 15 years.