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Kenya cbank says in repo market to mop up $59 mln

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)

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

Keywords: KENYA MARKETS/REPO