23 November 2012

Kenya: Steady Kenya Shilling Seen Slipping On Growing Dollar Demand

The shilling held steady against the dollar yesterday but traders said it may weaken in the coming days on growing greenback demand from importers. Kenyan shares were dragged lower by banking stocks. Commercial banks quoted the shilling at 85.65/85.85 to the dollar, barely changed from Wednesday's close of 85.60/85.80.

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