Markets
Kenyan shilling under pressure from surging importer dollar demand
- At 0810 GMT, commercial banks quoted the shilling at 107.75/95 per dollar, compared with 107.65/85 at Tuesday's close.
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NAIROBI: The Kenyan shilling was under pressure on Wednesday due to surging dollar demand from merchandise importers amid excess liquidity in the local money market, traders said.
At 0810 GMT, commercial banks quoted the shilling at 107.75/95 per dollar, compared with 107.65/85 at Tuesday's close.
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