NAIROBI, March 13 (Reuters) - Kenya's shilling weakened against the dollar on Monday, pushed by hard currency
demand from the oil importers and general manufacturers and amid
insufficient remittance inflows, traders said.
At 0844 GMT, commercial banks quoted the shilling at
129.50/70 per dollar, compared with Friday's closing rate of
129.30.50.
Refinitiv data showed the shilling hitting record lows on
Monday of 129.70/90 against the dollar, representing a 4.93%
drop since the start of the year.
"We're seeing so much demand and we expect it to continue.
We're only seeing a bit of supply from the diaspora," said one
trader at a commercial bank.
(Reporting by Hereward Holland; Editing by Estelle Shirbon)
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