Kenyan shilling banknotes and coins sit arranged at a market stall in Mombasa, Kenya, on Thursday, Nov. 23, 2017. The countrys Treasury has already cut this years growth target to 5 percent from 5.9 percent as the protracted election furor damped investment and a drought curbed farm output. Photographer: Luis Tato/Bloomberg via Getty Images

NAIROBI, July 16 (Reuters) – Kenya’s shilling slid lower on Tuesday, with traders saying there was a shortage of dollars on the market.

At 0913 GMT, commercial banks quoted the shilling at 129.50/130.50 per dollar, compared with Monday’s closing rate of 128.50/129.50.

“There’s very muted demand, but even less supply of dollars,” one trader said.

(Reporting by Hereward Holland; Editing by Alexander Winning)