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Kenya cbank says in repo market for $94 mln

NAIROBI, Oct 3 (Reuters) - Kenya's central bank said on Wednesday it intended to absorb 8 billion shillings ($94.1 million) in excess liquidity in the money markets through repurchase agreements (repos).

The bank has persistently mopped up liquidity most of this year to support the shilling , which is 0.3 percent stronger than the dollar in the year-to-date.

On Tuesday, the central bank offered to mop up 7 billion shillings in excess liquidity and received bids worth 9 billion shillings, accepting bids totalling 8.05 billion shillings. ($1 = 85.0000 Kenyan shillings)

(Reporting by Beatrice Gachenge; Editing by George Obulutsa)

((nairobi.newsroom@reuters.com)(Tel: +254202224717))

Keywords: KENYA MARKETS/REPO