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)
Keywords: KENYA MARKETS/REPO