Shilling hits seven-month low versus dollar at 87

The shilling weakened through the 87 per dollar level early yesterday to hit a seven-month low, pressured by energy sector demand for hard currency, traders said. Market players said the central bank had appeared keen to maintain that support level and might sell dollars in the market to stem further losses. In early trading, the shilling dipped to 87.05, Thomson Reuters data showed. It had last traded weaker than 87 last May. Leading commercial banks quoted the currency at 86.90/87.00, a touch weaker than Thursday's close of 86.85/95...