NAIROBI, May 27 – The Kenyan shilling weakened against the dollar on Friday after the central bank said it was in the market to buy 4 million euros to build up foreign currency reserves.
Central Bank of Kenya also said it would mop up 1 billion shillings through repurchase agreements in keeping with its stance of monetary tightening aimed at containing surges in inflationary pressure.
Source: Reuters Africa newsletter
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