The shilling weakened marginally to close Wednesday’s session at the 3810/3820 levels having opened trading at the 3805/3815 levels. Pockets of demand from Corporates and the interbank led to the shilling weakness, Catherine Kijjagulwe, Head of Trading at Absa Bank Uganda said in a report.

Money Markets were liquid on Wednesday with overnight yields at averages of 9.31%. Bank of Uganda held a UGX 285 billion Treasury Bill auction and yields in the 91-day, 182-day and 364- day tenors cleared at averages of 9.310%, 11.831% and 14.002% respectively.

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