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Markets

Kenyan shilling stable; to ease due to manufacturing sector FX demand

Published May 2, 2024 Updated May 2, 2024 01:41pm
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By Reuters
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NAIROBI: Kenya’s shilling was steady on Thursday and traders said the east African nation’s currency was expected to weaken in coming days due to increased demand for dollars from the manufacturing sector.

At 0717 GMT, commercial banks quoted the shilling at 134.50/135.50, the same as Tuesday’s closing rate.

Kenyan shilling stable, NGO dollar inflows match manufacturing sector demand

Markets were closed on Wednesday for Labour Day celebrations.

Kenya's shilling

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