The shilling was steady against the dollar yesterday and traders predicted the Central Bank would sell dollars to prop up the currency if it showed signs of weakening sharply. The Central Bank later sought to mop up Sh4 billion from the market in repurchase agreements (repos). The Central Bank of Kenya has sold an undisclosed amount of dollars three times so far this month as well as daily liquidity mop ups using repurchase agreements to support the local currency, which is under pressure from importer greenback demand...
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