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Kenya's shilling held steady on Tuesday but off this month's highs, after the central bank cut its benchmark lending rate by a percentage point to10.50% on Monday, the first cut since hiking rates in August.
At 0618 GMT, commercial banks quoted the shilling at 100.95/05 to the Dollar compared with Monday's close of 100.90/101.00. After almost reaching 100 to the Dollar in early May, its strongest level in about a year, the shilling has slipped.
--reuters--
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