The Kenyan shilling was stable on Monday due to a general slowdown in dollar demand, with some market players staying on the sidelines anticipating better rates, traders said.
Shilling steady, dollar demand slow
At 1037 GMT, commercial banks quoted the shilling at 101.35/55 to the dollar, unchanged from Friday's close.
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
The shilling was steady on Friday, with traders saying dollar demand from importers in the energy sector was matched by supply from non-governmental organisations.
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