Business
Shilling holds steady in Tuesday’s session
The greenback closed the day at 3770/3780, up from the opening levels of 3765/3775. No major news events drove sharp moves during the day’s session.
Liquidity in the money markets remained relatively tight, according to Absa, with overnight rates averaging 10.00%.
By: Ali Twaha, Journalist @New Vision
KAMPALA - The dollar gained marginal strength against the Uganda shilling during Tuesday’s session, supported by demand from the energy and manufacturing sectors in a broadly quiet trading session.
The greenback closed the day at 3770/3780, up from the opening levels of 3765/3775. No major news events drove sharp moves during the day’s session.
Liquidity in the money markets remained relatively tight, according to Absa, with overnight rates averaging 10.00%.