December 29, 2016 / 7:50 AM / 3 years ago

Kenyan shilling stable, seen easing due to telecom sector dollar demand

Kenya 10 shillings coins are seen in a plastic container inside a cashier's booth at a forex exchange bureau in Kenya's capital Nairobi, April 20, 2016. REUTERS/Thomas Mukoya

NAIROBI (Reuters) - Kenya’s shilling was steady on Thursday and traders said it was seen weaker due to dollar demand from sectors like telecoms and manufacturing, while tight liquidity would limit its losses.

At 0720 GMT, commercial banks quoted the shilling at 102.40/60 to the dollar, from Wednesday’s close of 102.35/55.

Reporting by George Obulutsa; Editing by Ed Stoddard

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