Kenya's shilling was little changed in early trading on Wednesday, with limited corporate demand for dollars matched by modest inflows of foreign exchange from tea exports and charities.
Shilling steady amid limited corporate dollar demand
By 0721 GMT, the shilling was quoted by commercial banks at 102.15/35 to the dollar, compared with Tuesday's close of 102.25/35.
A currency dealer counts Kenya shillings at a money exchange counter in Nairobi , in a file photo. REUTERS/Antony Njuguna
"Demand (for dollars) is subdued. There are no big buyers," said one trader at a commercial bank.
The shilling has barely moved out of the 102.00/50 range since mid November, after weakening 11 percent against the dollar during 2015.
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