The shilling slid marginally ahead of the weekend, ending the rally during the week that saw the local unit rise to its strongest in more than four months, as companies demanded dollars on resuming operations.the kenya shilling dropped as much as 0.6 percent to 85 shillings and 91 cents to the dollar and was trading 0.2 percent lower at 85 shillings and 58 cents, the weakest level in a week.according to currency traders the drop was expected as normal business operations resumed following a week of election related activities that had stalled operations. The central bank of kenya has also been agrresive in trying to reign in the exchange fluctuations, seemingly ready to jump into the market any time the shilling crossed the 86 shilling mark against the dollar. This despite treasury insisting that it did not have an optimal trading level for the shilling.during trading, cbk offered 15 billion shillings worth of bids for seven-day repurchase agreements and 14-day term auction deposits. Cbk normally uses the repos to reduce money supply and support the shilling. Traders expect to see some major activity in the dollar shilling pairing next week as companies begin to fulfill their end month obligations.

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