Kenyan shilling steady, remittances help meet end-month demand

• The Kenyan shilling was forecast to trade in a narrow range with inflows from diaspora remittances expected.

NAIROBI: The Kenyan shilling was stable on Wednesday and was forecast to trade in a narrow range with inflows from diaspora remittances expected to match end month dollar demand from the energy and manufacturing sectors, traders said.

At 0922 GMT, commercial banks quoted the shilling at 103.75/95 per dollar, compared with 103.80/104.00 at Tuesday's close.