THE Central Bank sought to mop up Sh5 billion from the market on Friday using repurchase agreements (repos), the bank said. This year, it has frequently deployed repo as the main liquidity management tool, in order to maintain a stable exchange rate. The Kenyan shilling was little changed against the dollar on Friday and was expected to move in narrow ranges as trading winds down ahead of the holidays. The shilling changed hands at 85.90/86.10 to the dollar at 0731 GMT, inching up from Thursday's close of 86.00/10...
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