Kenyan shilling steady, importer dollar demand may put pressure

Kenya shilling coins and notes are pictured inside a cashier's booth at a forex exchange bureau in Kenya's capital Nairobi, April 20, 2016. REUTERS/Thomas Mukoya

NAIROBI (Reuters) – Kenya’s shilling was stable on Monday but traders said they expected it to weaken in the days ahead due to importer dollar demand and low inflows of the U.S. currency.

At 0648 GMT, commercial banks quoted the shilling at 103.65/85 to the dollar, the same as Friday’s close.

(Reporting by George Obulutsa; Editing by Edmund Blair)

 

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