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The shilling inched lower yesterday, weighed down by demand for dollars by importers. At the opening of trade, commercial banks posted the currency at 96.45/55 per dollar, slightly down from the previous day’s closing rate of 96.20/40.
“It is just normal demand that is picking up on the corporate side, bearing in mind we have started approaching end month,” said Robert Gatobu, a trader at Bank of Africa.
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