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 :Kenyan shilling weakens due to importer demand, excess liquidity

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.

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Kenyan shillingcurrency inflowsoffshore investorsgovernment debtNairobi securities exchange