Kenyan shilling firms in thin trade, remittances expected to boost

NAIROBI (Reuters) – Kenya’s shilling gained ground against the dollar on Monday and it was expected to get support from remittance inflows in coming days, traders said.

At 0842 GMT, commercial banks quoted the shilling at 153.50/70 per dollar, compared with Friday’s closing rate of 153.70/90. Trade volumes were thin before the Christmas holiday.

(Reporting by George Obulutsa; Editing by Duncan Miriri)