NAIROBI: The Kenyan shilling was steady on Friday with pressure from importers seeking dollars balanced by tight shilling liquidity.
At 0820 GMT, commercial banks quoted the Kenyan currency at 87.70/90 to the dollar, compared with Thursday's close of 87.80/90.
"We are range-bound, but we have seen tightness in the money market ... so that's offering some support," said John Njenga, trader at Commercial Bank of Africa.
He said the usual end-of-the-month demand for dollars from importers was expected to weigh on the shilling, which meant it could edge back to the 87.85/95 level in the coming week.
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