Kenyan shilling stable, portfolio flows eyed

NAIROBI (Reuters) - Kenya's shilling was steady on Thursday and traders said they were focusing on the level of dollar inflows into the local debt and stock markets to gauge its future direction. At 0755 GMT, commercial banks quoted the shilling at 102.90/103.00, compared with Wednesday's close of 102.95/103.05. Kenyan stocks have been buoyed by the global risk appetite this year while the central bank is selling a 40 billion shilling bond this year, which is expected to lure in foreign investors. (Reporting by George Obulutsa; Editing by Duncan Miriri)

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