Kenyan shilling steady, importer demand subdued

A teller counts Kenya shilling notes inside the cashier's booth at a forex exchange bureau in Kenya's capital Nairobi, April 20, 2016. REUTERS/Thomas Mukoya

NAIROBI (Reuters) – The Kenyan shilling held steady against the dollar on Tuesday owing to inflows from remittances and non-governmental organisations, but was seen under pressure due to demand from importers, traders said.

At 0725 GMT, commercial banks quoted the shilling at 101.20/40 to the dollar, compared with 101.15/35 at Monday’s close.

 

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