The Kenyan shilling remained stable on Thursday, supported by low dollar demand from importers and maintained an exchange rate of 129.25/129.45 according to commercial banks.

The Kenyan shilling maintained its stability on Thursday, showing no significant change from the previous trading session. This stability is attributed to the low demand for dollars among importers, as reported by traders. As of 0802 GMT, commercial banks quoted the shilling at 129.25/129.45, matching the rates recorded at the close of the previous day.

In summary, the Kenyan shilling’s stable performance is influenced by minimal dollar demand from importers. This stability is reflected in the consistent exchange rate reported by commercial banks, indicating a steady economic environment as of the latest trading session.

Original Source: www.marketscreener.com