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Kenyan shilling steady; diaspora FX inflows match importer demand -

OCTOBER 17, 2024

Sonia Rao

NAIROBI, Oct 17 (Reuters) – The Kenyan shilling was steady against the dollar on Thursday as diaspora dollar inflows matched importer demand, one trader said.

The shilling traded at 128.50/129.50 against the dollar at 0715 GMT, according to LSEG data, the same as Wednesday’s closing rate.

“We don’t expect much movement ahead of the weekend,” the trader said.

(Reporting by Sonia Rao; Editing by George Obulutsa)

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