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Kenya's cbank seeks to mop up $18 mln via repos

Thursday, 11 Oct 2012 | 4:47 AM ET

NAIROBI, Oct 11 (Reuters) - Kenya's central bank sought on Thursday to mop up 1.5 billion shillings ($17.6 million) in excess liquidity via repurchase agreements (repos).

The bank has persistently mopped up liquidity throughout much this year to support the shilling , which is 0.1 percent stronger than the dollar in the year-to-date.

On Wednesday, the central bank offered to mop up 6.5 billion shillings and received bids worth 13.6 billion, all of which were accepted. ($1 = 85.1000 Kenyan shillings)

(Reporting by Kevin Mwanza; Editing by Richard Lough)

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Keywords: KENYA MARKETS/