Kenya cbank says in repo market for $82 mln
NAIROBI, Oct 2 (Reuters) - Kenya's central bank sought to absorb 7 billion shillings ($82.2 million)in excess liquidity through repurchase agreements (repos), it said on Tuesday.
The bank has persistently mopped up liquidity most of this year to support the shilling , which is 0.1 percent stronger than the dollar in the year-to-date.
On Monday, the central bank offered to mop up 12 billion shillings and received bids worth 6.75 billion, all of which were accepted. ($1 = 85.1250 Kenyan shillings)
(Reporting by Beatrice Gachenge; Editing by George Obulutsa)
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Keywords: KENYA MARKETS/REPO
NAIROBI, Oct 2- Kenya's central bank sought to absorb 7 billion shillings in excess liquidity through repurchase agreements, it said on Tuesday. The bank has persistently mopped up liquidity most of this year to support the shilling, which is 0.1 percent stronger than the dollar in the year-to-date.