Kenya’s FX reserves reached their highest level in three years as capital inflows increased, helping stabilize the currency amid a broader emerging market sell-off. Reserves held by the central bank rose 8.6% to USD 9.32 bln by Nov. 7, sufficient to cover 4.8 months of imports, exceeding the minimum four months aimed for short-term shocks. The increase, marking the 10th consecutive week of growth, was supported by a USD 600 mln disbursement from the IMF.