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Kenyan shilling firms ahead of Tuesday's benchmark rate meeting

Kenya's shilling firmed on Tuesday ahead of a central bank Monetary Policy Committee (MPC) meeting later in the day, where policymakers are expected to hike the benchmark lending rate to support the local currency.

At 0714 GMT, the shilling was trading at 97.25/45 to the dollar, compared with 97.70/90 at Monday's close. The local currency has lost 7.6 percent to the dollar so far this year.

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