Kenya's shilling was flat on Thursday and was expected to remain rangebound during the session on thin trading volume.
Shilling steady, seen rangebound
By 0743 GMT, commercial banks quoted the shilling at 101.75/85 to the dollar, unchanged from Wednesday's close.
"It's very quiet. The market is very slow," said one Nairobi-based trader, adding that the shilling was likely to stay in a tight range between 101.60 and 101.90.
The shilling has been stable this year after losing 11 percent against the dollar in 2015.
JOIN OUR PULSE COMMUNITY!
ADVERTISEMENT
Eyewitness? Submit your stories now via social or:
Email: eyewitness@pulse.ng
Recommended articles
Why our plane made emergency landing at Lagos airport, Air Peace clarifies
Over 75% of Katsina children are multidimensionally poor – UNICEF
PDP unveils 200-member campaign council for Ighodalo's guber election in Edo
Tinubu approves resumption of repair work on Third Mainland Bridge
Ondo Poll: Ganduje consoles Jimoh Ibrahim after crushing defeat in APC primary
FG to review recent price hike of DStv, GOtv packages amid public outcry
BREAKING: FG grants Air Peace right to commence Abuja-London flights - Keyamo
Deputy who dumped Akeredolu clinches PDP governorship ticket
Gov inaugurates 2nd phase of palliative distribution to poor Enugu residents
ADVERTISEMENT