The currency of East Africa’s biggest economy appreciated less than 0.1 percent against to 87.35 a dollar by 6:57 p.m. in Nairobi, the capital.
The Central Bank of Kenya sold dollars for a second day, Duncan Kinuthia, head of trading at Commercial Bank of Africa, said by phone from Nairobi.
“The bank is keen to defend the shilling against a rapid decline,” he said.
An official in the institution’s foreign-exchange department declined to comment in line with policy when contacted by phone today.
The bank sold a total of 22 billion shillings ($252 million) of 5-year and 20-year Treasury bonds at an auction today, it said in an e-mailed statement. It offered 15 billion shillings and received bids for 32 billion shillings. The bank accepted 998 million shillings of 6-month Treasury bills, it said.
Uganda’s shilling gained 0.1 percent to 2,677 a dollar, strengthening for the first time in five days. Tanzania’s shilling appreciated 0.2 percent against the dollar to 1,607.
To contact the reporter on this story: Johnstone Ole Turana in Nairobi at email@example.com
To contact the editor responsible for this story: Antony Sguazzin at firstname.lastname@example.org