NAIROBI, May 5 (Reuters) - Kenya's shilling was
stable on Friday, and traders said it was forecast to lose
ground, undermined by increased demand for dollars from oil
retailers and other importers.
At 0729 GMT, commercial banks quoted the shilling at
136.30/50 per dollar, compared with 136.35/55 at Thursday's
close.
The shilling touched a new all-time low of 136.55/75 per
dollar early in Friday's session before recovering some of its
losses, Refinitiv data showed.
(Reporting by George Obulutsa; Editing by Duncan Miriri)
george.obulutsa.thomsonreuters.com@reuters.net))
Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.