Kenyan shilling edges lower on persistent FX demand

Kitco Media
By Reuters
Published:
Updated:
Reuters
NAIROBI, March 15 (Reuters) - The Kenyan shilling edged lower on Wednesday as persistent foreign-currency demand from the oil and manufacturing sectors outmatched muted supply from aid agencies, tourism operators and remittances, traders said. At 0836 GMT, commercial banks quoted the shilling at 129.90/130.10 per U.S. dollar, compared with Tuesday's closing rate of 129.80/130.00. Refinitiv data showed the shilling hit another record low on Wednesday, with year-to-date losses standing at about 5% versus the dollar.
(Reporting by Hereward Holland Editing by Alexander Winning)

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