NAIROBI, March 1 (Reuters) - Kenya's shilling lost
ground on Wednesday, under pressure from dollar demand from all
sectors of the economy particularly energy importers, traders
said.
At 1039 GMT, commercial banks quoted the shilling at
127.50/70 per U.S. dollar -- a record low -- compared with
126.85/127.05 at the close of trade on Tuesday.
"The shilling is under a lot of pressure. We're seeing a lot
of demand from all sectors — particularly from the energy
sector, while supply remains very subdued," said one trader at a
commercial bank.
(Reporting by Hereward Holland; Editing by George Obulutsa and
Alexander Winning)
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