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Eyes will be on Monetary Policy Committee (MPC) meeting to be held today at the Central Bank of Kenya (CBK) with the market expecting an interest rate hike to support the shilling. The local currency was trading at Sh96.45/65 to the dollar yesterday, compared with 96.00/20 at Friday’s close.
John Njenga, a trader at Commercial Bank of Africa, said the shilling lost ground due to a major telecom firm buying dollars earlier in the day for importing equipment.
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