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Shilling steady amid limited corporate dollar demand
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A currency dealer counts Kenya shillings at a money exchange counter in Nairobi , in a file photo. REUTERS/Antony Njuguna
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.
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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.
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"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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