Kenyan shilling slips lower on month-end importer FX demand

Kitco Media
By Reuters
Published:
Updated:
Reuters
NAIROBI, April 26 (Reuters) - Kenya's shilling slipped lower against the dollar on Wednesday, as companies required hard currency to meet end-month payments, while fuel and merchandise importers also sought foreign exchange, traders said. At 0750 GMT, commercial banks quoted the shilling at 135.60/80 per dollar, compared with 135.35/55 at Tuesday's close. The shilling has lost 9.1% of its value against the dollar since the start of the year, hitting a fresh low on Tuesday. (Reporting by Hereward Holland; Editing by Anait Miridzhanian)

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