Kenyan shilling under pressure from end-month dollar demand

The Kenyan shilling was under pressure on Thursday due to merchandise and oil importers buying dollars to meet their end-month obligations, traders said.

At 7 am, commercial banks quoted the shilling at 101.20/40 per dollar, compared with 101.15/35 at Wednesday's close.

More to follow

SEE ALSO :Shilling drops to its lowest level in nearly two years

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Kenya ShillingsUS Dollar