Shilling in trouble

Shilling was volatile on Tuesday and may lose further ground in days ahead unless we see decent dollar inflows, bankers have warned. 

National Microfinance Bank (NMB) said a fresh shortage in dollar inflows was seen in the market and all the minimal supply got snapped up by importers and banks. The unit closed at 1580/1592 levels against greenback.

Source: NMB e-market report, www.nmbtz.com

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