KIGALI: The Kenyan shilling was under pressure on Thursday due to market players from broad sectors of the economy shoring up their dollar reserves after the shilling weakened to an all time record low during the previous session, traders said.
At 0845 GMT, commercial banks quoted the shilling at 108.15/35 per dollar, compared with 108.10/30 at Wednesday's close.
"After yesterday's erratic move, there is some sort of panic buying in the market...buyers from all sectors," said a senior trader from one commercial bank.
Comments
Comments are closed for this article.