Renewed greenback demand from manufacturing and energy sectors exert pressure on Uganda Shilling
Industry Markets

Renewed greenback demand from manufacturing and energy sectors exert pressure on Uganda Shilling

The Uganda shilling slumped further against the U.S dollar on Monday, closing the session at 3745/3765 weaker than Friday’s close of 3705/3725. Renewed greenback demand from the manufacturing and energy sectors exerted pressure on the home unit amidst a dearth of anticipated dollar inflows from the agriculture sector. The Regulator maintained its benchmark lending rate […]