Markets

Kenya shilling steady, agriculture earnings seen supportive

Published March 15, 2016 Updated March 15, 2016 03:20pm

1 min

By Imad Uddin

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NAIROBI: Kenya's shilling was steady in early trade on Tuesday, supported by expectations of weekly foreign exchange inflows from tea and coffee earnings, while dollar demand was capped by a looming deadline for firms to meet quarterly tax payments.

By 0736 GMT, the shilling was quoted by commercial banks at 101.50/70 against the dollar, little changed from Monday's close of 101.50/60. The shilling is holding onto a gain of about 0.7 percent against the US currency since the start of 2016.

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