NAIROBI: The Kenyan shilling weakened against the dollar on Tuesday amid dollar demand from merchandise importers and surplus liquidity in the local money markets, traders said.
At 0845 GMT, commercial banks quoted the shilling at 101.00/20 per dollar, compared with 100.95/101.15 at Monday's close.
The weighted average daily interbank lending rate stood at 2.9231 per cent on Monday, compared with 3.5560 percent during the previous session, according to Refinitiv data.
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