Kenyan shilling seen depreciating on oil importer demand

Mon Mar 20, 2017 12:14pm GMT

NAIROBI (Reuters) - The Kenyan shilling was seen depreciating against the dollar on Monday, owing to a likely surge in demand from oil importers, traders said.

At 1100 GMT, commercial banks quoted the shilling at 103.00/20 to the dollar, compared with 102.95/103.05 at Friday's close.

(Reporting by John Ndiso; Editing by Aaron Maasho)

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
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