NAIROBI (Xinhua) --
The Kenyan shilling maintained its upswing
against the U.S. dollar on Friday to close the week at a new
high boosted by rise in inflows.
The local unit
traded at an average of 101.30 to the dollar on Friday, a rise
from 101.35 in the session on Thursday.
The Central Bank of
Kenya quoted the local currency at 101.28 per dollar, up from
101.38 in the previous session.
Commercial banks in
the East African nation, on the other hand, put the local unit
at between 101.30 and 101.40, nearly same levels the currency
ended on Thursday.
Forex traders in the
financial institutions noted there was a steady increase in
inflows from the agriculture sector amid low demand for dollars
Against the Sterling
Pound, the shilling similarly strengthened for the fourth
session to close at a new high of 139.23 from 140.16 in Thursday
The shilling is
expected to strengthen in the short-term, according to analysts.