Shilling slips marginally against dollar for second day running

The shilling is likely to remain steady at the current level. file photo | nmg

The shilling depreciated marginally on Wednesday for the second day in a row on increased supply and a temporary rise in orders for the dollar by corporates, traders said.

Commercial banks bought the greenback at an average of 101.13 units in early trade, slightly weaker than 100.85 close on Tuesday.

PAYE Tax Calculator

Note: The results are not exact but very close to the actual.