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AfricaBusinessKenya

Kenyan shilling stronger on inflows from offshore investors

Chigozie Ekwenye
Last updated: March 6, 2017 10:54 am
By Chigozie Ekwenye
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kenyan cash
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
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NAIROBI (Reuters) – The Kenyan shilling strengthened against the dollar on Monday, with foreign exchnage inflows from offshore investors outweighing oil importer demand, traders said.

At 0835 GMT, commercial banks quoted the shilling at 102.55/75 to the dollar, compared with 102.70/90 at Friday’s close.

 

Source – Reuters

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