NAIROBI: The Kenyan shilling held steady against the dollar amid thin volumes on Tuesday, with traders expecting it to remain stable for the next few days because of balanced supply and demand for dollars.
Shares nudged lower.
At official close of trade at 1330 GMT, commercial banks posted the shilling at 101.75/85 per dollar, unchanged from Monday's closing rate. The shilling is 0.5 percent firmer this year.
"There has been no change all day. It's been one of those days where nothing happens," said a trader with a Nairobi-based commercial bank.
A second trader said there were "no factors to disrupt the equilibrium".
On the Nairobi Securities Exchange, the main NSE-20 Share Index drifted 4.81 points lower, or 0.1 percent, to close at 3,789.59 points.
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