A teller handles U.S. dollar banknotes and Kenya shilling banknotes inside the cashier’s booth at a forex exchange bureau in downtown Nairobi, Kenya, February 16, 2024. REUTERS/Thomas Mukoya/File Photo

NAIROBI, Aug 22 (Reuters) – Kenya’s shilling held steady against the U.S. dollar on Thursday, as foreign currency inflows matched demand from manufacturing and other sectors, traders said.

At 0849 GMT, LSEG data quoted the shilling at 128.50/129.50 to the dollar, the same level as it closed on Wednesday.

“Supply is there but it’s being gobbled by the small demand on the market from manufacturing and other sectors,” one trader said.

(Reporting by Hereward Holland; Editing by Elisha Bala-Gbogbo)