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Kenya's cbank says in repo market to mop up $82 mln

NAIROBI, Oct 8 (Reuters) - Kenya's central bank said onMonday it was in the repurchase agreements (repos) market to mopup 7 billion shillings ($82.4 million) in excess liquidity.

The central bank has been actively soaking up liquidityusing repos most of this year, stabilising the shillingafter a dramatic slide last year that caused the central bank toadopt a tight monetary policy stance.

The shilling is up 0.1 percent against the dollar in theyear to date.($1 = 84.9500 Kenyan shillings)

(Reporting by Kevin Mwanza; editing by George Obulutsa)

((nairobi.newsroom@reuters.com)(Tel: +254 20 2224717))

Keywords: KENYA MARKETS/REPO

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