by Bedah Mengo
NAIROBI, Sept. 21 (Xinhua) -- The Kenyan shilling weakened marginally on Thursday, rattled by continued uncertainty over repeat presidential polls.
On Tuesday, the electoral commission announced it had pushed the polls nine days back to Oct. 26 as political bickering following the release of full ruling by the Supreme Court on Wednesday continued.
While the Opposition National Super Alliance (NASA) leaders lauded the Supreme Court ruling, ruling party Jubilee faulted it, noting they had been robbed of victory as the political environment remained hostile.
The local unit traded at an average of 103.3 as in the previous session, but dropped a paltry 0.04 percent.
The Central Bank of Kenya (CBK) quoted the local currency to the dollar at 103.31 down from 103.28 in the previous session.
On Wednesday, the shilling had weakened against the dollar by 0.13 percent to close at 103.28 from 103.14 on Monday.
Commercial banks, on the other hand, placed the value of the shilling Thursday against the dollar at a weaker level of between 103.27 and 103.47, as traders noted the currency would soon start facing pressure from increased dollar demand from importers.
Against the British pound, the shilling weakened by a bigger margin, falling by 0.32 percent to close at 140.06 down from 139.62. Enditem
