February 11, 2019 / 8:23 AM / 13 days ago

Kenyan shilling steady; seen easing due to importer dollar demand

A teller counts Kenya shilling notes inside the cashier's booth at a forex exchange bureau in Kenya's capital Nairobi, April 20, 2016. REUTERS/Thomas Mukoya

NAIROBI (Reuters) - The Kenyan shilling weakened on Monday and was forecast to ease further due to dollar demand from manufacturers and oil importers exceeding inflows from diaspora remittances, traders said.

At 0725 GMT, commercial banks quoted the shilling at 100.40/60 per dollar, compared with 100.30/50 at Friday’s close.

Reporting by John Ndiso; Editing by George Obulutsa

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