The shilling held steady against
the dollar Tuesday’s trading session, on the back of liquidity tightening and a
moderate demand for hard currency from importers.
The shilling traded at 1590/1600
levels throughout the session.
The cash inter bank Money Markets overnight rates, traded
slightly upward with a weighted average of 17.59 per cent as liquidity tightens
further.
The rates, however, dropped compared to the last week high of 20 per
cent.
Source: NMB e-market, www.nmbtz.com
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