Kenya's shilling was steady in early trade on Tuesday, supported by expectations of weekly foreign exchange inflows from tea and coffee earnings, while dollar demand was capped by a looming deadline for firms to meet quarterly tax payments.
Shilling steady, agriculture earnings seen supportive
By 0736 GMT, the shilling was quoted by commercial banks at 101.50/70 against the dollar
A currency dealer counts Kenya shillings at a money exchange counter in Nairobi
By 0736 GMT, the shilling was quoted by commercial banks at 101.50/70 against the dollar, little changed from Monday's close of 101.50/60.
The shilling is holding onto a gain of about 0.7 percent against the U.S. currency since the start of 2016.
JOIN OUR PULSE COMMUNITY!
ADVERTISEMENT
Eyewitness? Submit your stories now via social or:
Email: eyewitness@pulse.ng
Recommended articles
3 dead, 2 injured in 3-storey building collapse in Kano - NEMA confirms
Lagos NCS visits family of stampede victim, promises nonstop financial support
Husband appeals to I-G to find missing Police wife who went on official duty
ASUU Sokoto demands council reconfirmation, payment of allowances
Yahaya Bello: Charge, prosecute US school for money laundering - Sowore to EFCC
Don't hide deformed kids, they can contribute to nation's growth - Expert
Tragedy as suspected bandits ambush, kill army commander in Katsina
Adeleke wants residents to fish out water pipeline vandals round the clock
APC uncover how Kano govt mobilises protest against Ganduje in Abuja
ADVERTISEMENT