NAIROBI, March 9 (Reuters) - Kenya's shilling weakened on Thursday, undermined by demand for dollars from
importers, especially oil retailers, traders said.
At 0736 GMT, commercial banks quoted the shilling at
128.70/90 per dollar, compared with Wednesday's closing rate of
128.30/50.
The shilling touched a new record low of 128.90/129.10 per
dollar at the start of the session, Refinitiv data showed.
The central bank has been selling dollars to the market in
small amounts in recent days, traders said, to stem the pressure
on the currency.
The bank did not respond immediately to a request for
comment but it has said in the past that it only intervenes in
the foreign exchange market to curb volatility.
(Reporting by George Obulutsa; Editing by Duncan Miriri)
george.obulutsa.thomsonreuters.com@reuters.net))
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