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Kenyan Shilling gains against the US Dollar by 0.15%

BY · June 4, 2015 07:06 am

Money Markets Prime Rates

Secondary Market: Trading in the secondary market rose as bond turnover amplified to KES 2.00 billion from KES 696.40 million the previous day. A total of 31 bond deals were transacted during the trading session. The Market Leader’s Forum marks the highlight for the day, where traders expect the Treasury to propose the offer of a short term bond note.

Money Market: The monetary regulator was active in the money market for the first time this week, accepting TADS worth KES 8 billion at 11.00% to mop up excess liquidity from the money market. The KES continued to register gains for a second day during Wednesday’s trading against USD by 0.15% to 96.78 as sentiments strengthened following the nomination of a new Central Bank of Kenya Governor.

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