Kenyan Shilling Maintains Stability Amid Low Dollar Demand

The Kenyan shilling remained stable on Thursday with an exchange rate of 129.25/129.45, supported by low dollar demand from importers, as reported by traders.

The Kenyan shilling maintained its stability on Thursday, reflecting little change from the previous day. This steadiness is attributed to a subdued demand for dollars from importers, as indicated by traders. According to commercial banks, the exchange rate for the shilling was quoted at 129.25/129.45 at 0802 GMT, unchanged from the close on Wednesday.

In summary, the Kenyan shilling’s stability is largely due to low dollar demand from importers. The exchange rate remains consistent, indicating a stable economic environment amid current trading activity.

Original Source: www.marketscreener.com