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Kenyan shilling weakens due to telecom sector dollar demand

NAIROBI: The Kenyan shilling weakened slightly against the dollar on Friday due to demand from multinational c

Published April 7, 2017 Updated April 7, 2017 02:00pm

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By Shoaib Ur Rehman

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NAIROBI: The Kenyan shilling weakened slightly against the dollar on Friday due to demand from multinational companies in sectors like telecommunications buying hard currency to settle transactions, traders said.

At 1050 GMT, commercial banks quoted the shilling at 103.30/50 per dollar, compared with 103.20/40 at Thursday's close.

Copyright Reuters, 2017

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Mandviwala / Sep 30 Mandviwala Mauser Plastic Industries(MWMP)	77.07 ▼ -7.14 (-8.48%)
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