NAIROBI (Reuters) - Kenya's shilling extended gains against the dollar on Wednesday to break through the 88 level for the first time since early June after the central bank mopped up 4 billion shillings from the market through repurchase agreements.
"What gave it the impetus to rally was the central bank's continued purchases in the repo market to tighten liquidity," one trader said.
The shilling traded at an intra-day high of 87.80, a level last touched on June 10.
