NAIROBI, May 10 (Reuters) - The Kenyan shilling was broadly steady against the dollar on Wednesday as the
interbank market helped smooth out an underlying shortage of
foreign currency, traders said.
At 0836 GMT, commercial banks quoted the shilling at
136.65/85 per dollar, compared with 136.60/80 at Tuesday's
close.
The shilling has lost more than 20% against the dollar in
the last two years, touching a new all-time low of 136.70/90 per
dollar on Tuesday, Refinitiv data showed.
"It's pretty stable and we're not seeing the usual
depreciation. We are seeing some volumes through the interbank
(market) which is helping clients across the board," said one
trader at a commercial bank.
(Reporting by Hereward Holland
Editing by Alexander Winning)
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