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.
The Star (Nairobi)
Kenya: Steady Kenya Shilling Seen Slipping On Growing Dollar Demand
By Joel Iregi, 23 November 2012Copyright © 2012 The Star. All rights reserved. Distributed by AllAfrica Global Media (allAfrica.com). To contact the copyright holder directly for corrections — or for permission to republish or make other authorized use of this material, click here.
AllAfrica aggregates and indexes content from over 130 African news organizations, plus more than 200 other sources, who are responsible for their own reporting and views. Articles and commentaries that identify allAfrica.com as the publisher are produced or commissioned by AllAfrica.
Comments Post a comment