Business
Shilling posts marginal gains on Tuesday
Amanda Keitetsi from Exbank's treasury department said the unit was also supported by treasury bill sales during the day's session.
Absa's market analyst, Ronald Nsubuga, noted that the central bank continued to stay on the sidelines amidst the local currency appreciation.
By: Ali Twaha, Journalist @New Vision
KAMPALA - The Uganda shilling registered decent gains on Tuesday in a session that was dominated by strong inflows from the offshore, commodity and the local corporates amidst the waning demand attributed to the end of financial year tax payments and the ongoing easing geopolitical tensions in the Middle East.
The shilling closed today’s session at 3675 / 3685 levels, firmer than opening levels of 3700 / 3710.
Absa's market analyst, Ronald Nsubuga, noted that the central bank continued to stay on the sidelines amidst the local currency appreciation.
Amanda Keitetsi from Exbank's treasury department said the unit was also supported by treasury bill sales during the day's session.
The Bank of Uganda will tomorrow (June 17) conduct this year’s last scheduled Treasury Bill auction worth sh355b.