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Kenyan Shilling trades flat against US Dollar

BY · April 21, 2015 09:04 am

Secondary Market: Trading in the secondary market mellowed during the start of the week’s trading session as bond turnover contracted by 34% to KES 844 million. The 2015/5 Year bond accounted for the highest traded volumes.

Money Market: The interbank rate marginally edged up during Monday’s trading to 8.65% with a total of KES 17.99 billion volumes traded. The Kenyan Shilling (KES) traded flat against the US Dollar (USD) at 93.48 (12:30pm GMT). However, traders anticipate further weakening as corporate dollar demand piles up.

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