October 8, 2019 / 10:18 AM / 8 days ago

Ugandan shilling biased on weaker side as rate cut triggers pressure

KAMPALA, Oct 8 (Reuters) - The Ugandan shilling was inclined to the weaker side on Tuesday, undermined by negative sentiment after the central bank made an unexpected cut by 100 basis points to its policy rate this week.

At 0949 GMT commercial banks quoted the shilling at 3,688/3,698, compared to Monday’s close of 3,685/3,695.

UGX Spot Rate..... Ugandan Shilling Money Guide.... Calculated Cross Rates.......... Deposits..................... Deposits & Forwards............. Uganda Equities Guide....... Uganda All Share Index........ Shilling background ..... Ugandan Debt Guide............ All Uganda Bonds............. Uganda T-Bills.............. Uganda Benchmark............. Central Bank ................ Ugandan Contributor Index.... Uganda Coffee Prices....... (Reporting by Elias Biryabarema)

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