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Kenyan shilling steady, seen easing due to importer dollar demand

 

NAIROBI, KENYA: Kenya's shilling was steady on Wednesday and traders said they expected it to weaken due to increased importer dollar demand.

At 0700 GMT, commercial banks quoted the shilling at 98.30/50 to the dollar, compared with Tuesday's close of 98.35/45, which was a new low last hit in Nov. 2011.

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Shilling Dollar