NAIROBI (Reuters) – The Kenyan shilling weakened against the dollar on Tuesday amid excess liquidity in the local money markets, traders said.
At 0843 GMT, commercial banks quoted the shilling at 103.00/20 per dollar, compared with 102.90/103.00 at Monday’s close.
The weighted average, daily interbank lending rate dropped to 2.1855 percent on Monday, compared with 2.4400 percent during the previous session, Refinitiv data showed.
(Reporting by John Ndiso; Editing by Clement Uwiringiyimana)
© 2019 Thomson Reuters. All rights reserved. Reuters content is the intellectual property of Thomson Reuters
or its third party content providers. Any copying, republication or redistribution of Reuters content, including
by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
Thomson Reuters shall not be liable for any errors or delays in content, or for any actions taken in reliance thereon.
"Reuters" and the Reuters Logo are trademarks of Thomson Reuters and its affiliated companies.