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NAIROBI: The shilling strengthened further yesterday, helped again by tight local currency liquidity in the money markets, traders said. At the opening of business, commercial banks quoted the shilling at 100.95/101.15 to the dollar, from Monday's close of 101.35/45.
Traders said the shilling was also getting some support from market expectations that the Central Bank will raise its benchmark lending rate today when its Monetary Policy Committee meets.
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