"Lira weakens after central bank slashes borrowing rate
ISTANBUL | Fri Nov 12, 2010 1:40am EST
ISTANBUL Nov 12 (Reuters) - The Turkish lira weakened to the dollar at the opening on Friday after the central bank slashed the overnight borrowing rate by 400 basis points to encourage investors to hold lira deposits for longer."
More:Lira weakens after central bank slashes borrowing rate | Reuters
