Latest news with #currencyStability
Reuters
23-05-2025
- Business
- Reuters
Kenyan shilling stable, LSEG data shows
NAIROBI, May 23 (Reuters) - Kenya's shilling was stable against the dollar on Friday, data from the London Stock Exchange Group showed. At 0919 GMT, the shilling traded at 129.00/129.50 per dollar, compared to 128.95/129.45 at Thursday's close.
Reuters
22-05-2025
- Business
- Reuters
Kenyan shilling stable versus dollar in balanced trade
NAIROBI, May 22 (Reuters) - Kenya's shilling was stable against the dollar on Thursday, with foreign exchange supply and demand well-matched, traders said. At 0845 GMT, the shilling traded at 129.00/50 per dollar, compared with 128.95/129.45 at the close of Wednesday's session.
Reuters
12-05-2025
- Business
- Reuters
Kenya shilling steady in subdued market activity
NAIROBI, May 12 (Reuters) - The Kenyan shilling remained stable in early trade on Monday, with market activity subdued, traders said. As of 0705 GMT, commercial banks quoted the shilling at 129.00/50, unchanged from Friday's closing rate.
Bloomberg
09-05-2025
- Business
- Bloomberg
India's Central Bank Ready to Stabilize Rupee as Tensions Rise
India's central bank doesn't expect wild swings in the rupee but is ready to use foreign reserves to preserve currency stability as tensions with Pakistan escalate, according to people familiar with the matter. Currency market intervention could happen at the margins to iron out volatility, although the Reserve Bank of India will not target any specific level for the rupee, the people said, asking not to be identified given the sensitivity of the matter. The RBI is closely monitoring if speculative positions are being built and it won't hesitate to intervene to break those, one of the people said.
Reuters
08-05-2025
- Business
- Reuters
Uganda shilling stable on subdued demand
KAMPALA, May 8 (Reuters) - The Ugandan shilling was stable against the dollar on Thursday, with hard currency demand subdued across both merchandise importers and interbank players, traders said. At 0821 GMT commercial banks quoted the shilling at 3,655/3,665, unchanged from Wednesday's close.
