Kenyan shilling unchanged, seen firming

NAIROBI- The Kenyan shilling was unchanged on Tuesday but was seen inclined on the stronger side amid hard currency inflows from offshore investors buying government debt and stocks at the Nairobi securities exchange, traders said.

At 0621 GMT, commercial banks quoted the shilling at 100.05/25 per dollar, same level as Monday's close.

On Monday, the Kenyan shilling strengthened to its strongest level in six months against the dollar due to hard currency inflows from horticulture exports and offshore investors buying government debt amid thin oil importer demand, traders said.

SEE ALSO :Markets lose their mojo as shilling gains

At 0649 GMT, commercial banks quoted the shilling at 100.20/40 per dollar, a level last traded in September last year, compared with 100.40/60 at Friday's close.

We are undertaking a survey to help us improve our content for you. This will only take 1 minute of your time, please give us your feedback by clicking HERE. All responses will be confidential.

Kenyan shillingcurrency inflowsoffshore investorsgovernment debtNairobi securities exchange