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Kenyan shilling edges down from recent highs on liquidity boost

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NAIROBI, Feb 13 (Reuters) – The Kenyan shilling
inched down from its recent highs as a drop in overnight lending
rates on the interbank market made it possible for traders to
increase their dollar holdings.
At 0810 GMT, commercial banks quoted the shilling at
101.10/30 per dollar, slightly down from 100.85/101.05 at
Monday’s close.
The weighted average interest rate on the interbank market
slipped to 4.6244 percent on Monday from 4.9256 percent on
Friday.
………


Source: Kenya

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