NAIROBI: Kenya's shilling rallied 1.8 percent at the market's open on Wednesday, as banks sold dollars a day after central bank raised its benchmark lending rate by a record 550 basis points to 16.5 percent.
At 0607 GMT, the shilling was posted at 96.40/60 against the dollar, stronger than Tuesday's close of 98.00/50, and traders said they expected it to firm further during the session.
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