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Markets

Kenyan shilling weakens on end month demand

Published Updated

NAIROBI: The Kenyan shilling weakened against the dollar on Tuesday due to increased demand from oil and merchandise importers buying dollars to meet end month obligations ahead of the holiday season, traders said.

At 1031 GMT, commercial banks quoted the shilling at 102.60/80 per dollar, compared with 102.40/60 at Monday's close.

Copyright Reuters, 2018
 

 

 

 

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