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NAIROBI: Kenya’s shilling weakened against the dollar on Thursday, undermined by increased importer demand from most sectors of the economy, traders said.
At 0724 GMT, commercial banks quoted the shilling at 157.00/158.00 per dollar, compared with Wednesday’s closing rate of 156.50/157.50.
Kenyan shilling eases in slow trade
In early Thursday trade, the shilling touched a record low of 157.25/158.25 before recouping some losses.