Shilling weakens Tuesday amid corporate dollar demand

However, the demand for dollars according to Rahmah Masagazi, a market analyst, pushed the shilling lower, and it closed at 3658/3668.

PREMIUM Business

The Uganda shilling weakened against the dollar during Tuesday’s trading session as strong corporate demand from the telecom and manufacturing sectors outweighed inflows from agricultural exports.

NewVision Reporter

@NewVision

#Business #Uganda shilling #Money markets #Rahmah Masagazi

KAMPALA - The Uganda shilling weakened against the dollar during Tuesday’s trading session as strong corporate demand from the telecom and manufacturing sectors outweighed inflows from agricultural exports.

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Shilling weakens Tuesday amid corporate dollar demand

However, the demand for dollars according to Rahmah Masagazi, a market analyst, pushed the shilling lower, and it closed at 3658/3668.

The Uganda shilling weakened against the dollar during Tuesday’s trading session as strong corporate demand from the telecom and manufacturing sectors outweighed inflows from agricultural exports.

NewVision Reporter

@NewVision

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