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Kenya's shilling little changed, seen rangebound

Reuters
A fuel attendant handles Kenyan shilling notes at a petrol station in the capital Nairobi March 15, 2011. REUTERS/Noor Khamis (Reuters)

NAIROBI (Reuters) - Kenya's shilling was steady on Tuesday, with subdued dollar inflows expected to keep the local currency trading within a tight range. By 07.09 GMT, commercial banks quoted the shilling at 101.90/102.00 to the dollar, unchanged from Monday's close. "It's very quiet. We expect the market to be rangebound, between 101.80-102," said one Nairobi-based trader. He added that dollar demand has been weak. The shilling has been stable this year after losing 11 percent against the dollar in 2015. (Writing by Drazen Jorgic)