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Shilling to lose more ground against dollar

The shilling has been depreciating against the dollar, spelling good news for exporters. FILE PHOTO | NATION MEDIA GROUP

The shilling is likely to gradually depreciate this year and in 2016 as the US dollar strengthens and expectations of lower interest rates rise.

It is likely to weaken to Sh91 this year and lose more ground next year to Sh92, Standard Chartered Bank Plc head of research on Africa Razia Khan said in a forecast.

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

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