NAIROBI: The Kenyan shilling was steady against the dollar on Friday, though traders said the currency could come under pressure from importers buying dollars to pay their end-month bills.
At 0845 GMT, commercial banks posted the shilling at 88.40/50 per dollar, barely changed from Thursday close of 88.35/45.
"Being the last working day of the month, some importers are looking to cover last minute end-month requirements," said Eric Gathecha, a trader at I&M Bank.
"But the shilling is still pretty stable."
Traders said the local currency was expected to trade between 88.20 and 88.50 in coming days, with the central bank showing the market it is willing to intervene to prop it up.
The shilling has lost some 2.4 percent against the dollar so far this year.
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