The Kenyan shilling remained stable against the dollar due to low demand from importers. The exchange rate was quoted at 129.25/129.45, unchanged from the previous day.

On Thursday, the Kenyan shilling maintained its stability against the US dollar, primarily due to a decrease in demand from importers. Traders noted that the lack of significant dollar purchasing pressure contributed to this steadiness. As of 08:02 GMT, commercial banks reported the exchange rate of the shilling at 129.25/129.45, mirroring the rate from the previous day’s close.

The Kenyan shilling’s stability signifies a period of low demand for the dollar among importers, which has helped maintain its exchange rate. Monitoring these trends is crucial for understanding future movements in the currency market.

Original Source: www.marketscreener.com