Kenyan shilling under pressure as manufacturers seek dollars

10 May, 2016

NAIROBI: The Kenyan shilling came under pressure on Tuesday from manufacturing firms seeking dollars while inflows of foreign exchange slowed.

By 0822 GMT, the shilling was quoted at 100.50/60, compared with Monday's close of 100.45/55.

The currency could receive a boost next week from the sale of a nine-year infrastructure bond that is expected to draw in dollars from offshore investors, traders said.

Copyright Reuters, 2016

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