Markets

Kenyan shilling stable, bond inflows may offer support

Published October 19, 2016 Updated October 19, 2016 01:59pm

1 min

By Shoaib Ur Rehman

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NAIROBI: The Kenyan shilling held steady against the dollar on Wednesday and traders said its direction would be guided by the level of foreign investor appetite for an infrastructure bond.

At 0820 GMT, commercial banks posted the shilling at 101.25/35, unchanged from Tuesday's close.

The 15-year infrastructure bond, to be auctioned on Wednesday, is expected to generate foreign demand, boosting dollar supplies.

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