Shilling inches up on lower demand for dollars

The Ugandan shilling firmed on Wednesday, helped by easing corporate demand for hard currency and the central bank mopping up excess liquidity.

At 1001 GMT, commercial banks quoted the shilling at 3,365/3,375, stronger than Tuesday's close of 3,375/3,385.

Commercial banks, at 0939 GMT, quoted the shilling at 101.35/55 to the dollar, compared with 101.40/50 at Tuesday's close.