The local currency had a slight gain in the first trading
session of the week as it edged 2 shillings high from last Friday’s session, on
the back of slowed dollar demand from corporate as they pay month end taxes.
The market closed at 1585/1595 levels.
On the money market overnight weighted average rate traded
slightly high at 7.88 per cent with volumes picking to16.0bn/- from 10.8bn/- last Friday,
as investors eyes the T-bills auction on Wednesday coupled with month end tax
payments
Source: NMB's e-markets