NAIROBI, Aug 28 (Reuters) – The Kenyan shilling strengthened a little on Wednesday, with foreign exchange inflows from tea exporters slightly outweighing month-end demand from the manufacturing sector, traders said.
At 0935 GMT, LSEG data showed the shilling at 128.25/129.25 to the U.S. dollar, compared to 128.50/129.50 at the close of Tuesday’s session.
“The major (foreign-currency) supply is from our agricultural sector. Also the central bank is in the market, buying dollars to prevent volatility,” one trader said.
(Reporting by Hereward Holland; Editing by Alexander Winning)