RTRS:Kenya cbank sells dollar after shilling slides
NAIROBI Jan 5 (Reuters) - Kenya's central bank sold an unspecified amount of dollars to commercial banks on Thursday to stem a steep fall in the shilling currency against the dollar, traders said.
The shilling has lost as much as 4.8 percent against the dollar this week, to touch a three-week low of 89.00/20 earlier during Thursday's session, weighed on by heavy dollar demand as importers return from the holidays.
Central bank has also been mopping up liquidity through repurchase agreements.
(Reporting by Kevin Mwanza; Editing by Duncan Miriri)
