Frankfurt - The European Central Bank pumped 70 billion euros (100 billion dollars) into the eurozone money market Tuesday in an overnight operation aimed at ensuring adequate liquidity.

On Monday, the ECB put 30 billion euros into the market in a similar operation aimed at countering fall-out from the crisis in the US banking sector.

The ECB said from its Frankfurt headquarters that the average rate for the tender had come in at 4.4 per cent, marginally up on the 4.39 per cent recorded on Monday.

The 56 banks bidding for the funds asked for a total of 102.5 billion euros. (dpa)