Market News
Kenyan shilling unchanged; some central bank dollar sales match importer demand - REUTERS
NAIROBI, Nov 27 (Reuters) - The Kenyan shilling was unchanged on Wednesday, with some dollar sales by the central bank helping to match importer demand, one trader said.
The shilling traded at 129.00/130.00 at 0641 GMT, according to LSEG data, the same as Tuesday's closing rate.
The central bank selling dollars this and last week has helped hold the shilling at its current level, the trader said.
The bank says it only intervenes to smooth out volatility in the foreign exchange market in either direction and has no preferred level for the shilling.
Reporting by Sonia Rao; Editing by George Obulutsa
