Kenyan shilling extends gains, helped by offshore investor flows

Kenya shilling coins and notes are pictured inside a cashier’s booth at a forex exchange bureau in Kenya’s capital Nairobi, April 20, 2016. REUTERS/Thomas Mukoya

NAIROBI (Reuters) – The Kenyan shilling extended its recent gains on Friday, supported by hard currency inflows from offshore investors buying government debt amid tight local currency liquidity conditions.

At 0732 GMT, commercial banks quoted the shilling at 101.50/70 per dollar, compared with 101.65/85 at Thursday’s close.

Reporting by John Ndiso; editing by Elias Biryabarema

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