The Uganda shilling strengthened marginally against the greenback on low appetite for dollars during Wednesday’s trading session, traders said.
The local unit closed the day’s trading at 3580/3590 a notch stronger from opening levels of 3585/3595 per dollar.
Money markets faced some tight liquidity conditions according to Absa with overnight yields at averages of 6.50%.
The Bank of Uganda held a sh220b treasury bill auction on Wednesday and yields in the 91-day, 182-day and 364-day cleared at averages of 6.662%, 8.393% and 9.801% respectively.
Source: New Vision