×
App Icon
The Standard e-Paper
Truth Without Fear
★★★★ - on Play Store
Download Now

Shilling remains under pressure as oil importers' dollar demand rises

High demand for the US dollar by Kenyan oil importers has been blamed for the continued pressure on the Kenyan shilling as markets closed yesterday.

Commercial banks quoted the shilling at 104 units to the greenback, the lowest since weakening to 105.65 to the dollar in September 2015, according to a Reuters report.

Get Full Access for Ksh299/Week
Bold Reporting Takes Time, Courage and Investment. Stand With Us
  • Unlimited access to all premium content
  • Uninterrupted ad-free browsing experience
  • Mobile-optimized reading experience
  • Weekly Newsletters
  • MPesa, Airtel Money and Cards accepted
Already a subscriber? Log in