NAIROBI, (Xinhua) --
The Kenyan shilling sustained a slide against the
U.S. dollar on Wednesday, albeit marginally, as pressure from
high dollar demand rose.
The local unit
traded against the dollar at 100.45, a decline from 100.40 where
it ended on Tuesday.
The Central Bank of
Kenya quoted the shilling at 100.48 to the dollar, a 0.07
percent drop from 100.41 in the previous session.
Commercial banks, on
the other hand, placed the shilling at between 100.35 and
100.55, with the margins falling from 100.30 and 100.50.
attributed the marginal decline to pressure from oil importers
making end-month purchases. Against the British pound, the
shilling similarly fell to end at 131.92 from 131.82 in the
According to the
Central Bank, the shilling is expected to be helped from steep
slide by inflows from agriculture sector.