NAIROBI, Sept. 20 (Xinhua) -- Kenya shilling weakened slightly on Wednesday as the Supreme Court delivered its full ruling on why it cancelled President Uhuru Kenyatta's win in Aug. 8 polls.
The shilling traded at an average of 103.3 against the U.S. dollar, down from Tuesday's position of 103.1.
The Central Bank of Kenya (CBK) placed the value of the local currency to the dollar at 103.28, down from 103.14 in the previous session.
On Tuesday, the shilling weakened against the dollar by 0.11 percent to close at 103.14, from 103.03 on Monday.
On the other hand, during Wednesday's trading, commercial banks quoted the value of the shilling against the dollar at a weaker level of between 103.25 and 103.45 as traders attributed the fall to political uncertainty in the east African nation.
The Supreme Court ruling, which indicted the electoral commission for flawed elections, had also unsettled the shilling, analysts noted.
Against the British pound, the shilling traded at 139.62, a slight gain from 139.89 in the previous trading session.
Observers say Kenya has enough foreign exchange reserves to cushion it from pressure from international currencies.
Last week, the reserves surpassed five months of import cover for the first time since early August to stand at 7.5 billion dollars. Enditem
