Kenyan shilling inches lower as energy firms, manufacturers seek dollars

Kitco Media
By Reuters
Published:
Updated:
Reuters
NAIROBI, March 17 (Reuters) - The Kenyan shilling inched lower on Friday as companies in the energy and manufacturing sectors hunted scarce foreign currency, traders said. At 0950 GMT, commercial banks quoted the shilling at 130.10/30 per U.S. dollar, a new record low, compared with Thursday's closing rate of 130.00/20. Year-to-date the shilling has lost more than 5% versus the dollar, according to Refinitiv data.
(Reporting by Hereward Holland Editing by Alexander Winning)

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