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The Kenyan shilling eased slightly on Wednesday, taking cue from central bank's action of injecting local currency into the market a day earlier after tight supply saw interbank lending rates rise, discouraging banks from holding dollars.
Traders said they were watching to see if the Central Bank of Kenya (CBK) would return to the market, a day after it injected 8 billion shillings ($90 million) using reverse repurchase agreements following days of strained shilling liquidity that led to interbank lending rates rising.
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