NAIROBI, (Xinhua) --
The Kenyan shilling gained more ground against
the U.S. dollar on Wednesday, supported by an increase in
inflows from various sectors.
The local currency
traded against the dollar at 100.35, a slight rise from 100.40
in the session on Tuesday. Commercial banks quoted the shilling
at between 100.30 and 100.50, up from the 100.40-100.50 of
The Central Bank of
Kenya placed the shilling at 100.40 against the dollar, with the
figure declining slightly.
attributed the improved performance to the rise in inflows from
the horticulture tourism sectors.
Against the British
pound, the shilling fell slightly to 131.65, down from 133.08 at
the end of Tuesday.
The shilling is
forecast to remain stable against the dollar, helped by growth
in inflows and dollar reserves, according to analysts.