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Kenyan shilling under pressure, dollar flows from tourism eyed

A currency dealer counts Kenya shillings at a money exchange counter in Nairobi October 23, 2008. REUTERS/Antony Njuguna (Reuters)

NAIROBI (Reuters) - The Kenyan shilling inched down on Friday due to dollar demand from the energy sector but traders said flows from the tourism industry were likely to offer support. At 0718 GMT, commercial banks quoted the shilling at 101.30/50 to the dollar, compared with 101.25/45 at Thursday's close. "We've seen some hotels selling dollars," said a trader from a commercial bank, referring to inflows from the tourism industry. On the Nairobi Securities Exchange, banking stocks fell for a second day, in reaction to President Uhuru Kenyatta approving an amended banking law capping commercial lending rates. The falling prices contributed to a 4.4 percent fall in the NSE-20 Share Index on Wednesday with the index finishing the session at a four-year and five month low. ...........................Shilling spot rates .....................Shilling forward rates .......................Cross rates ..................................Local contributors .......................Central Bank of Kenya Index .....................Kenyan Bonds contributor pages ...............Treasury bill yields ..................Central bank open market operations .........................Horizontal repo transactions ,................Daily interbank lending rate .............................Kenya Bond pricing ..................Real time Africa economic data ...........................African economic news .................................NSE-20 Share Index .................................NSE-25 Share Index .................................NSE All Share Index ...........................FT NSE Kenya 15 Index .......................... FT NSE Kenya 25 Index SPEED GUIDES: (Reporting by John Ndiso; Editing by George Obulutsa)