Shilling now hits new high against the greenback

The shilling has gained 0.6 per cent in three weeks. FILE PHOTO | NMG

The Kenyan shilling touched an 11-month high to the dollar on Tuesday as investor portfolio inflows coupled with exporter inflows offset corporate demand for the greenback.

The shilling touched 102.50 to the dollar in early trading, Reuters data showed, the first time it has risen to that level since March 2017, before settling at an average of 102.60/80 in mid-afternoon. It had closed at 102.70/90 on Monday.

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