Kenyan shilling weakens a touch as importer demand surges

PUBLISHED: Wed, 15 Jul 2020 14:41:37 GMT

NAIROBI (Reuters) – The Kenyan shilling was under slight pressure on Wednesday as a surge in demand from oil and merchandise importers weighed against scarce hard currency inflows, traders said.

At 0728 GMT, commercial banks quoted the shilling at 107.15/35 per dollar, compared with 107.10/30 at Tuesday’s close.

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