June 19, 2017 / 12:20 PM / in 5 months

Ugandan shilling stable after rate cut, seen gradually weakening

    KAMPALA, June 19 (Reuters) - The Ugandan shilling        was
unchanged on Monday despite the central bank cutting its
benchmark interest rate by 100 basis points to 10 percent, but
traders said the move could gradually undermine it. 
    At 1207 GMT commercial banks quoted the shilling at
3,580/3,590 unchanged from Friday's close. 
      
   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; Editing by George Obulutsa)
  

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