NAIROBI, Oct 4 (Reuters) - Kenya's central bank said on Thursday it intended to absorb 5 billion shillings ($59 million)in excess liquidity from the money markets through repurchase agreements (repos).
The bank has persistently mopped up liquidity most of this year to support the shilling , which is 0.2 percent stronger than the dollar in the year-to-date.
On Wednesday, the central bank offered to mop up 8 billion shillings and received bids worth 10.35 billion shillings, accepting bids for a total 9.6 billion shillings.
($1 = 84.8000 Kenyan shillings)
(Reporting by Beatrice Gachenge; Editing by George Obulutsa)
Keywords: KENYA MARKETS/REPO