NAIROBI, April 12 (Reuters) - Kenya's central bank sought to mop up 14 billion shillings ($166 million) from the market on Friday through repurchase agreements (repos) and term auction deposits.
The bank said it was in the market seeking to absorb 1.5 billion shillings in repos and 12.5 billion shillings in term auction deposits.
The regulator has actively soaked up liquidity and made it more expensive to fund long dollar positions since last year to support the shilling, which is 2.4 stronger than the dollar so far this year.
($1 = 84.2000 Kenyan shillings)
(Reporting by Kevin Mwanza) Keywords: KENYA MARKETS/CBANK
(firstname.lastname@example.org)(Tel: +254 20 2224717)(Reuters Messaging: email@example.com)
Copyright Thomson Reuters 2013. All rights reserved.
The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.