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Shilling steady, dollar demand slow
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Kenya shilling coins and notes are pictured inside a cashier's booth at a forex exchange bureau in Kenya's capital Nairobi, April 20, 2016. REUTERS/Thomas Mukoya
At 1037 GMT, commercial banks quoted the shilling at 101.35/55 to the dollar, unchanged from Friday's close.
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The Kenyan shilling was stable on Monday due to a general slowdown in dollar demand, with some market players staying on the sidelines anticipating better rates, traders said.
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The shilling was steady on Friday, with traders saying dollar demand from importers in the energy sector was matched by supply from non-governmental organisations.
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