By 0935 GMT, commercial banks quoted the shilling at 101.85/95 to the dollar. PHOTO | FILE
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The shilling has also been helped by weak dollar demand and low oil prices, which have cut Kenya's import costs.
Kenya's shilling strengthened on Monday, buoyed by dollar inflows from the tea and tourism sectors.
By 0935 GMT, commercial banks quoted the shilling at 101.85/95 to the dollar, compared with Friday's close of 102.00/10.
"There is a bit of inflows from the tea sector and tourism," said one Nairobi-based trader. He added the shilling has also been helped by weak dollar demand and low oil prices, which have cut Kenya's import costs.
Central Bank offered banks Sh4 billion ($39.29 million) in reverse repurchase agreements (reverse repos) Monday morning.
The regulator uses reverse repos to provide liquidity to any lender that might be struggling for funding on the interbank market.
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