Markets
Kenyan shilling edges down against dollar
At 1057 GMT, commercial banks quoted the shilling at 105.10/30 per dollar, compared with 104.95/15 at Monday's clos
- At 1057 GMT, commercial banks quoted the shilling at 105.10/30 per dollar, compared with 104.95/15 at Monday's close.
NAIROBI: The Kenyan shilling weakened on Tuesday as some importers who had entered contracts before the coronavirus-related disruptions bought hard currencies to settle them, traders said.
At 1057 GMT, commercial banks quoted the shilling at 105.10/30 per dollar, compared with 104.95/15 at Monday's close.
"Its a very thin market with very little inflows.
A small deal can move the market... some importation is still going on, those who had commitments to honour are buying dollars," said a senior trader from one commercial bank.
Comments
Comments are closed.