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)
Keywords: KENYA MARKETS/REPO