Shilling little changed, seen rangebound

Kenya's shilling was steady on Tuesday, with subdued dollar inflows expected to keep the local currency trading within a tight range.

"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.