NAIROBI: The Kenyan shilling eased on Thursday, undermined by demand for dollars from importers in the energy and manufacturing sectors.
At 0802 GMT, commercial banks quoted the shilling at 86.55/65 to the dollar, compared with Wednesday's close of 86.40/50.
"When we broke 86.50, the effect of that is now people panicking and wanting to cover any dollar obligations that they have," said Nahashon Mungai, a trader at KCB Bank.
Importers normally acquire dollars at the end of the month, as they stock up for the following month or settle outstanding payments to suppliers.
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