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HKMA sells HK$1.16 bln as currency hits strong end of trading band

HONG KONG, Oct 6 (Reuters) - The Hong Kong Monetary Authority sold HK$1.163 billion ($150.06 million) into the market in Hong Kong trading hours after the local currency hit the strong end of its trading band, according to data released by the HKMA.

The aggregate balance - the key gauge of cash in the banking system - will increase to HK$267.593 billion on Oct. 8, HKMA said.

The Hong Kong dollar is pegged in a narrow range of 7.75-7.85 to the U.S. dollar. The HKMA has been conducting sales in recent sessions to weaken the currency to keep it within that trading band. ($1 = 7.7500 Hong Kong dollars) (Reporting by Twinnie Siu and Donny Kwok; Editing by xxx)

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