Kenya's shilling held steady against the dollar in thin trade on Monday and dealers said it would trade in a range for the rest of the session. The commercial banks posted the unit at 68.60/80 against the dollar, similar to Friday's closing level.
Traders saw it within the 68.40-68.90 band for the rest of the session, with the traditional month end demand for the greenback likely to put it under pressure in the days ahead.
"As we approach end month now, we should see the usual corporate buying interest intensifying, and then possibly, hold the currencies at current high levels," said Neha Radia, a dealer at Standard Chartered. The local unit weakened significantly last week, losing about 100 cents against the US currency, due to what traders said was a big order for dollars by a telecoms firm.