Markets

Kenyan shilling firm on tight liquidity in money markets

Published August 6, 2018 Updated August 6, 2018 11:27am

At 0853 GMT, commercial banks quoted the shilling at 100.40/60 per dollar, compared with 100.50/70 at Friday's close.

The weighted average interbank lending rate rose to 8.4545 percent on Friday from 8.3475 percent during the previous session. The central bank said it planned to inject 5 billion shillings into the money market on Monday.

Copyright Reuters, 2018