Kenyan shilling strengthens against the dollar

A teller serves a client with Kenya shilling notes at the cashier’s booth of a forex exchange bureau in Kenya’s capital Nairobi, April 20, 2016. REUTERS/Thomas Mukoya

NAIROBI (Reuters) – The Kenyan shilling strengthened on Wednesday supported by inflows from diaspora remittances amid thin importer dollar demand and tight liquidity in the local money market, traders said.

At 0837 GMT, commercial banks quoted the shilling at 101.25/45 per dollar, compared with 101.40/60 at Tuesday’s close.

Reporting by John Ndiso; Editing by Maggie Fick

Source link

Spread the love

Leave a Reply

Your email address will not be published. Required fields are marked *