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The shilling was steady against the dollar, as greenback inflows from aid agencies were matched by interbank demand and traders said they expected the local currency to firm by the end of session.
In early trade Friday, commercial banks quoted the shilling at Sh92.40/60 against the dollar, unchanged from Thursday’s close. "We’ve seen a bit of dollar supply from the non-governmental organisations but they are evenly matched with interbank demand. There is not much interest at the moment," said Duncan Kinuthia, head of trading at Commercial Bank of Africa.
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