Kenya's central bank sells dollars to the market after shilling weakens

NAIROBI: The Kenyan shilling weakened against the dollar on Thursday due to end of month demand prompting the central bank to pump dollars into the market, traders said.

"The shilling has corrected itself because it was around 101.05/25 in the morning and now it is at 101.00/10," said one trader."

"We are seeing some support from the central bank...in the first hour or so of today's session," said a trader from another commercial bank.

At 0800 GMT, commercial banks quoted the shilling at 101.00/20 per dollar, compared with 100.80/90 at Thursday's close.