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Africa, Forex

Kenyan shilling strengthens against the dollar

NAIROBI (Reuters) – The Kenyan shilling strengthened against the dollar on Tuesday supported by tightening liquidity in the local money market and reduced dollar demand from oil importers, traders said.

At 0857 GMT, commercial banks quoted the shilling at 103.55/75 per dollar, compared with 103.65/85 at Monday’s close.

(Reporting by John Ndiso; Editing by Maggie Fick)

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