In Kenya Shilling seen on the back foot, pressured by end-month demand

At 0708 GMT, commercial banks quoted the shilling at 101.55/65 to the dollar, unchanged from Tuesday's close.

  • Published:
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 play 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
24/7 Live - Subscribe to the Pulse Newsletter!

The Kenyan shilling was on a firm footing on Wednesday but traders said a typical end-month uptick in dollar demand from oil importers and manufacturers shipping raw materials was giving the local currency a weakening bias.

At 0708 GMT, commercial banks quoted the shilling at 101.55/65  to the dollar, unchanged from Tuesday's close.

Do you ever witness news or have a story that should be featured on Pulse Nigeria?
Submit your stories, pictures and videos to us now via WhatsApp: +2349055172167, Social Media @pulsenigeria247: #PulseEyewitness & DM or Email: eyewitness@pulse.ng. More information here.