Kenya's shilling was steady on Tuesday, with subdued dollar inflows expected to keep the local currency trading within a tight range.
Shilling little changed, seen rangebound
By 07.09 GMT, commercial banks quoted the shilling at 101.90/102.00 to the dollar, unchanged from Monday's close.
"It's very quiet. We expect the market to be rangebound, between 101.80-102," said one Nairobi-based trader. He added that dollar demand has been weak.
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
NAFDAC reopens popular Ibadan supermarket shut for selling unregistered product
Gov Adeleke lavished with praise for providing water, sanitation facilities
CSO inaugurates campaign to combat electoral irregularities, promote reforms
Lagos arrests 10 fake officials for carrying out unauthorised enforcement
Ogun govt training herbalists to compete in world trado-medicine market
NNPP founder accuses Kwankwaso of betrayal, threatens legal action
2 students fall and die trying to take a selfie at waterfall
VP Shettima calls on academics to contribute to Nigeria's security, prosperity
Elon Musk threatens to suspend Twitter accounts involved in engagement farming
Pulse Sports
Lionel Messi's son breaks the internet after scoring five goals for Inter Miami
Naija Stars Abroad: Onyedika, Boniface, and Osimhen shine across Europe
Victor Osimhen and Tobi Amusan make list of Forbes’ 30 under 30 Class of 2024
ADVERTISEMENT