On Thursday the central bank governor said the revival of
the long-dormant interbank market had smoothed out volatility in
the shilling's exchange rate in the last two weeks.
Traders say they are starting to see a convergence between
the exchange rate on the parallel and official markets.
(Reporting by Hereward Holland; Editing by James Macharia
Chege)
NAIROBI, March 31 (Reuters) - The Kenyan shilling held steady against the dollar on Friday, as foreign exchange
inflows from the agriculture sector and tea companies buttressed
the local unit, traders said.
At 0818 GMT, commercial banks quoted the shilling at
132.40/60, compared to Thursday's close of 132.35/55.
Refinitiv data shows the shilling has lost 6.8% of its value
against the dollar this year.
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