Nov 5 (Reuters) - The New York Federal Reserve on Tuesday accepted all $71.04 billion in bids from primary dealers at a repurchase agreement (repo) operation, a move intended to help maintain the federal funds rate within the target range.
Tuesday’s amount was slightly lower than the $77.58 billion in repos awarded on Monday.
The U.S. overnight repo rate was last at 1.65%. (Reporting By Karen Brettell)
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