NAIROBI: The Kenyan shilling weakened slightly on Thursday, with traders attributing the depreciation to rising demand for the dollar from manufacturers and oil retailing companies.
The shilling traded at 129.65/129.85 at 0748 GMT, compared to Wednesday’s closing rate of 129.00/130.00. “Demand is still surpassing supply.
Kenyan shilling steady as export dollar inflows match rising demand
That’s partly attributed to the end-of-month demand that we normally see,“ a trader at one commercial bank said.
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