The
shilling weakened by 12/- against the dollar on Wednesday, the highest rate declining
in a single trading in the last ten months.
The
commercial banks quoted the pair trading at 1,598/1,623 and attributed the loss
to accumulated green back demand from the oil and manufacturing sectors that continued
to pour into the market.
“A
reversal is unlikely as these market conditions persist,” National Microfinance
Bank said on its e-market.
Source
www.nmbtz.com
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