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Wednesday, August 25, 2010

Turkish lira rebounds slightly on foreign cash flow | Reuters

"Turkish lira rebounds slightly on foreign cash flow

Wed Aug 25, 2010 6:20am EDT

* Turkish bourse beats other emerging markets

* Lira, bonds trade stronger

* No Babacan comment on fiscal rule delay

ANKARA, Aug 25 (Reuters) - The Turkish lira rebounded from a one-month low against the dollar on Wednesday as investors took the opportunity to buy into the fast-growing emerging market economy.

The lira IYIX=TRY= gained 0.5 percent against the dollar to 1.5250 on the interbank market at 0800 GMT, up from the previous day's close at 1.5325."

More:Turkish lira rebounds slightly on foreign cash flow | Reuters