Kenyan shilling hits fresh low as importer dollar demand rises

Kenyan shilling hits fresh low as importer dollar demand rises

NAIROBI, Aug 24 (Reuters) - Kenya's shilling KES= weakened to a new record low on Wednesday due to increased dollar demand from oil-marketing companies and general goods importers as the month draws to an end, traders said.

At 1036 GMT, commercial banks quoted the shilling 119.85/120.05 per dollar, compared with Tuesday's close of 119.75/95.

Wednesday's level was the weakest the shilling has traded, according to Refinitiv data. It is down about 5.7% against the dollar so far this year, pressured by high oil prices and foreign-currency demand from sectors including energy and manufacturing. KES= KES1= ...........................Shilling spot rates KESF= 0#KESF= .....................Shilling forward rates EURKES= KESX= KESX1= .......................Cross rates KES=KE ..................................Local contributors CBKINDEX .......................Central Bank of Kenya Index KE/DEBT .....................Kenyan Bonds contributor pages CBK03 CBK06 KE3MTB= ...............Treasury bill yields CBK04 ..................Central bank open market operations CBK07 .........................Horizontal repo transactions KEIBR= , CBK02 ................Daily interbank lending rate 0#KETSYSTR= .............................Kenya Bond pricing .NSE20 .................................NSE-20 Share Index .NSE25 .................................NSE-25 Share Index .NASI .................................NSE All Share Index .FTFNKEN1 ...........................FT NSE Kenya 15 Index .FTFNKEN2 .......................... FT NSE Kenya 25 Index SPEED GUIDES: REUTERS KES/1 KE/DEBT MONEY KE/EQUITY
Reporting by George Obulutsa Editing by Alexander Winning