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Markets

Kenyan shilling stable on tightening liquidity

Commercial banks quoted the shilling at 103.65/75 per dollar. NAIROBI: The Kenyan shilling was stable against

Published October 17, 2019 Updated October 17, 2019 10:17am

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By Reuters

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Commercial banks quoted the shilling at 103.65/75 per dollar.

NAIROBI: The Kenyan shilling was stable against the dollar on Thursday supported by tightening liquidity in the local money market as banks cut their long dollar positions to meet local reserve ratio requirements, traders said.

At 0915 GMT, commercial banks quoted the shilling at 103.65/75 per dollar, the same as Wednesday's close.

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