Markets

Ugandan shilling slightly stronger, liquidity injection could trim gains

The Ugandan shilling traded slightly stronger on Wednesday but was seen likely to reverse gains on the back of a lo
Published October 2, 2019 Updated October 2, 2019 10:15am
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  • The Ugandan shilling traded slightly stronger on Wednesday but was seen likely to reverse gains on the back of a local currency liquidity injection by the central bank via a reverse repo.

At 0953GMT commercial banks quoted the shilling at 3,675/3,685, compared to Tuesday's close of 3,680/3,690.