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.
A fuel attendant handles Kenyan shilling notes at a petrol station in the capital Nairobi March 15, 2011. REUTERS/Noor Khamis
"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.
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