Views Article – Sharenet Wealth

Africa, Forex

Kenyan shilling stable, seen trading in narrow range against the dollar

NAIROBI (Reuters) – The Kenyan shilling was stable against the dollar on Friday with inflows from diaspora remittances and portfolio investors buying government debt offering support against dollar demand from merchandise importers, traders said.

At 0955 GMT, commercial banks quoted the shilling at 103.10/30 per dollar, the same as Thursday’s close.

(Reporting by John Ndiso; Editing by Maggie Fick)

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