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Kenya shilling under pressure against the dollar

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NAIROBI, Feb 14 (Reuters) – The Kenyan shilling fell
against the dollar on Wednesday amid ample liquidity in the
money markets which sent overnight rates on the interbank market
further down, traders said.
At 0758 GMT, commercial banks quoted the shilling at
101.05/25 per dollar, compared with 100.85/95 at Tuesday’s
close.
The weighted average interest rate on the overnight
borrowing market slid to 4.4854 percent on Tuesday from 4.6244
percent the previous day.
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Source: Kenya

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