The shilling held steady yesterday but its outlook remained bearish due to importer demand for dollars amid a wide current account deficit, while Safaricom weighed on shares further. Commercial banks posted the shilling at 85.90/86.00 per dollar, unchanged from Tuesday's close.
The Star (Nairobi)
Kenya: Shilling Steady Against The Dollar, Shares Extend Fall
By Joel Iregi, 29 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.
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