Shilling weakens further on rising dollar demand

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Business Daily | by Charles Mwaniki


The shilling ceded further ground to the dollar Wednesday, trading at a new low of 112.38 units amid the end of month demand for dollars from importers even as supply remained low.

It has shed value against the dollar in each of the past 42 trading sessions, triggering concern over inflation going up for households ahead of the financially demanding festive season…

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