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Uganda shilling dips, may 'take a beating' if c.bank cuts rates

September 26, 2012 Comments Off on Uganda shilling dips, may 'take a beating' if c.bank cuts rates

September 26, 2012, 1:00 pm

KAMPALA (Reuters) – The Ugandan shilling edged down against the dollar on Wednesday as energy sector importers sought dollars, and traders said the shilling may fall more if the central bank cuts lending rates next week.
At 0904 GMT, commercial banks quoted the cu…

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