Kenyan shilling stable on tourism, remittances, thin demand

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 was stable against the dollar on Tuesday supported by inflows from tourism and diaspora remittances amid thin dollar demand from the energy sector, traders said. At 0918 GMT, commercial banks quoted the shilling at 101.50/70 per dollar, the same as Monday’s close.

Reporting by Denis Dumo; Editing by Maggie Fick

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