Quantcast
Channel: The Star, Kenya
Viewing all articles
Browse latest Browse all 63229

Shilling falls against dollar

$
0
0
The Kenyan shilling fell to a near-six month-low against the dollar on Monday, subdued by demand for dollars ahead of the holidays, while the benchmark share index was almost flat. At the 1300 GMT close of trading, leading commercial banks posted the shilling at 86.00/10 per dollar, last touched on June 5, and weaker than Friday's close of 85.85/95. Traders attributed the drop to dollar demand from firms keen to fill their requirements ahead of the holidays, when most businesses close or operate minimum hours, as well as banks covering their short dollar positions...

Viewing all articles
Browse latest Browse all 63229

Trending Articles