NAIROBI, Aug. 6 (Xinhua) -- The Kenyan shilling weakened marginally on Monday against the U.S. dollar as demand for the greenback remained low.
The local unit traded against the dollar at 100.40, a slight fall from 100.35 posted last Friday.
The Central Bank of Kenya quoted the currency at 100.38 to the dollar, with the currency depreciating 0.04 percent from 100.35 of last Friday.
Commercial banks put the shilling at between 100.40 and 100.60, with the margin changing slightly from an average of 100.50.
Currency traders attributed the slight fall to low demand for dollars by oil importers.
Against the British pound, the shilling strengthened to close at 130.46, up from last Friday's 131.14.
Last week, the Kenya shilling appreciated 0.1 percent against the dollar, supported by remittances and agriculture inflows.
Analysts expect the shilling to remain stable, strengthened by inflows. Enditem
