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Markets

Kenya shilling stable against the dollar

Published Updated

NAIROBI: The Kenyan shilling was stable against the dollar supported by inflows from horticulture exports and easing interbank rates, traders said.

At 0843 GMT, commercial banks quoted the shilling at 101.25/45 per dollar, the same as Friday's close.

The weighted average interest rate on the overnight borrowing market rose to 5.0898 percent on Monday from 4.6497 on Friday.

 

Copyright Reuters, 2018
 

 

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