At 0650 GMT, commercial banks posted the shilling at99.55/65, its lowest point since October 2011, barely changed from the previous day's close of 99.50/60.   

"The market is waiting to see if the central bank will intervene," said a trader with a commercial bank.    Traders said the central bank, which pumps dollars into the market whenever the shilling depreciates too rapidly, would not want the shilling to drop to 100.   

It has fallen in recent days due to end-month demand for dollars, improved liquidity in the money markets, which usually makes it cheaper to bet against the local currency, and

persistent worries over a gaping current account deficit.   

The deficit worsened to 101.5 billion shillings in the first quarter of 2015 versus 63.8 billion shillings a year earlier.   

--reuters--