Nov 8 (Reuters) - The New York Federal Reserve on Friday accepted all $70.64 billion in bids from primary dealers at an overnight repurchase agreement (repo) operation, a move intended to help maintain the federal funds rate within its target range.
Friday’s amount was lower than the $80.14 billion in repos awarded on Thursday.
The U.S. overnight repo rate was last at 1.63%. (Reporting By Karen Brettell; Editing by Alex Richardson)
