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Kenyan Shilling hits low of 93.80 against the US Dollar

BY · April 22, 2015 09:04 am

Secondary Market: Trading in the secondary market remained steady as bond turnover extended marginally by 5% to KES 888.65 million from KES 844.10 million. A total of 30 bond deals were transacted yesterday. Investor’s focus was pegged on intermediate term bonds.

Money Market: The interbank rate edged up to 8.81% as liquidity in the money market remained tight. Meanwhile, the Kenyan Shilling (KES) hit a low of 93.80 against the US Dollar in early hours of trading on Tuesday; this prompted the Central Bank of Kenya to sell Dollars in the money market to prevent further depreciation.

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