NAIROBI (Reuters) – Kenya’s shilling was broadly stable against the dollar on Friday as dollar supply and demand started to ramp up after a post-election lull, traders said.
Deputy President William Ruto was declared president-elect by the Kenyan election commission on Monday, but his defeated rival Raila Odinga has said he will contest the results in court.
At 0943 GMT, commercial banks quoted the shilling at 119.65/85 against the dollar, compared to Thursday’s closing rate of 119.60/80.
“Demand has been quiet but now picking up again,” a trader at a commercial bank said.
“Some people were holding their dollars over the election – but the perception of chaotic conditions have gone down out so inflows have increased.”
According to Refinitiv data, the shilling has fallen around 5.5% against the dollar this year.
………………………Shilling spot rates
…………………Shilling forward rates
…………………..Cross rates
…………………………….Local contributors
…………………..Central Bank of Kenya Index
…………………Kenyan Bonds contributor pages
……………Treasury bill yields
………………Central bank open market operations
…………………….Horizontal repo transactions
,…………….Daily interbank lending rate
………………………..Kenya Bond pricing
……………………………NSE-20 Share Index
……………………………NSE-25 Share Index
……………………………NSE All Share Index
………………………FT NSE Kenya 15 Index
……………………..
FT NSE Kenya 25 Index
SPEED GUIDES:
(Reporting by Hereward Holland; Editing by George Obulutsa)
