Kenyan shilling stable, to gain ground due to remittances

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NAIROBI (Reuters) – The Kenyan shilling held steady against the dollar and was expected to strengthen due to inflows from remittances and offshore investors buying government debt, traders said.
At 0629 GMT, commercial banks quoted the shilling at 100.65/85 per dollar, same as Monday’s close.

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Reporting by John Ndiso; Editing by George Obulutsa

Naija247news
Naija247newshttps://www.naija247news.com/
Naija247news is an investigative news platform that tracks news on Nigerian Economy, Business, Politics, Financial and Africa and Global Economy.

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