Kenya's shilling eases due to general increase in importer FX demand

$Kenya shilling coins and notes are pictured inside a cashier\\'s booth at a forex exchange bureau in Kenya\\'s capital Nairobi, April 20, 2016. REUTERS/Thomas Mukoya , Reuters Images$

Kenya shilling coins and notes are pictured inside a cashier's booth at a forex exchange bureau in Kenya's capital Nairobi, April 20, 2016. REUTERS/Thomas Mukoya
Reuters Images

At 1135 GMT, commercial banks quoted the shilling at 150.30/50 per dollar, compared with Wednesday's closing rate of 150.10/30

George Obulutsa, Reuters News

October 26, 2023

PHOTO
Kenya shilling coins and notes are pictured inside a cashier's booth at a forex exchange bureau in Kenya's capital Nairobi, April 20, 2016. REUTERS/Thomas Mukoya

NAIROBI - Kenya's shilling weakened on Thursday, undermined by a general increase in importer demand for dollars that outstripped inflows, traders said.

At 1135 GMT, commercial banks quoted the shilling at 150.30/50 per dollar, compared with Wednesday's closing rate of 150.10/30.

Earlier on Thursday, the shilling touched a new all-time low of 150.35/55 per dollar, according to LSEG data.

(Reporting by George Obulutsa; Editing by Anait Miridzhanian)

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