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Markets

Kenyan shilling stable on weak dollar demand

At 0834 GMT, commercial banks quoted the shilling at 105.60/80 per dollar, the same as last Thursday's close.
Published April 14, 2020 Updated April 14, 2020 11:09am
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  • At 0834 GMT, commercial banks quoted the shilling at 105.60/80 per dollar, the same as last Thursday's close.
  • Markets were closed on Friday and Monday for public holidays.

NAIROBI: The Kenyan shilling was stable on Tuesday due to lower demand for dollars from oil and retail importers as markets resumed trading after the Easter holidays, traders said.

At 0834 GMT, commercial banks quoted the shilling at 105.60/80 per dollar, the same as last Thursday's close.

Markets were closed on Friday and Monday for public holidays.

"There are a few oil and retail clients... demand is evenly matched so far," said a senior trader from one commercial bank.

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