The shilling was firm against the dollar on Tuesday due to tightening liquidity in the local money markets increasing demand for the shilling, traders said. In early trading, commercial banks quoted the shilling at 100.30/50 per dollar, compared with 100.35/55 at Tuesday’s close.
The weighted average daily interbank lending rate stood at 7.5204 percent on Monday, up from 6.4527 per cent during the previous session.