Markets

Kenyan shilling seen firming on bond sale dollar flows

Published April 18, 2016 Updated April 18, 2016 01:48pm

1 min

By Imad Uddin

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NAIROBI: Kenyan shilling was steady in early trade on Monday and was expected to gain ground on the back of dollar inflows from foreign investors interested in buying a five-year Treasury bond being auctioned later this week.

At 0804 GMT, commercial banks quoted the shilling at 101.15/25 to the dollar, unchanged from Friday's close. The shilling has gained 1.1 percent against the dollar this year.

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