imageNEW YORK: The Federal Reserve on Thursday awarded $75 billion of 14-day fixed-rate reverse repurchase agreements to 52 bidders at an interest rate of 0.09 percent, the Federal Reserve Bank of New York said on its website.

Sixty bidders including money market funds and mortgage finance agencies submitted $80.95 billion in bids for the term reverse repos with interest rates ranging from 0.05 percent to 0.10 percent.

Copyright Reuters, 2015

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