Shilling weakens to three-month low as traders seek dollars

The shilling Tuesday weakened to a three-month low against the US dollar, mainly on increased demand of the foreign currency by importers. FILE PHOTO | NMG

The shilling Tuesday weakened to a three-month low against the US dollar, mainly on increased demand of the foreign currency by importers in second week of government relaxing measures taken to contain the spread of Covid-19.

The Kenyan currency closed the day averaging 107.25 units against the dollar compared with 107.15 units at the close of trading Monday.

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