S.Korea drains 12 trln won via 7-day repos

SEOUL | Thu Nov 26, 2009 12:32am EST

SEOUL Nov 26 (Reuters) - South Korea's central bank said it drained 12 trillion won ($10.40 billion) from the local financial system via seven-day repurchase agreements on Thursday, with less than 14.8 trillion won maturing during the day.

Tenders received totalled 20.61 trillion won, the Bank of Korea said in a statement. ($1=1153.8 Won) (Reporting by Seo Eun-kyung; Editing by Chris Lewis) ((eunkyung.seo@thomsonreuters.com;+822 3704 5648; Reuters Messaging:eunkyung.seo.reuters.com@reuters.net)) ((If you have a query or comment on this story, send an email to news.feedback.asia@thomsonreuters.com))

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