Kenyan shilling stable but seen easing on importer dollar demand

Kitco Media
By Reuters
Published:
Updated:
Reuters
NAIROBI, April 20 (Reuters) - Kenya's shilling was broadly stable on Thursday, although it was expected to weaken due to increased demand for dollars from general goods importers and oil-retailing companies, traders said. At 0707 GMT, commercial banks quoted the shilling at 135.15/35 per dollar, compared with 135.10/30 at Wednesday's close. The shilling has been sliding since around mid-2021 and continues to set new record lows against the U.S. currency. (Reporting by George Obulutsa Editing by Alexander Winning)

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