Sat, 01 Jul 2017 11:15:04 +0000 By BUUMBA CHIMBULU TUESDAY’S trading session saw the Kwacha making a comeback from its previous losses – hitting a high of K9.150 – following a boost from increased supply on Interbank which outstripped demand from buyers. The Kwacha made a comeback against the dollar on Thursday, recovering from its previous day’s losses to trade at an intra-day high of K9.1500 / K9.200 on Interbank. According to Cavmont Bank daily market report, the Kwacha’s performance was boosted by increased supply on Interbank which outstripped demand from buyers. Additionally, some inflows from exporters and corporate sellers also played a role in the local unit’s appreciation. The Kwacha later closed its trading session at K9.150 / K9.200, K0.15 stronger than the Wednesday’s opening levels of K9.300 / K9.350. On the money market, commercial banks’ aggregate current account balance increased by K87.03 million to K499.89 million while the overnight borrowing and lending rate […]
