Analysis - Turkey defending lira with limited FX ammunition
By Sujata Rao and Seltem Iyigun
ISTANBUL | Thu Oct 6, 2011 12:21pm EDT
(Reuters) - Turkey has upped the ante in defence of the lira, but with hard cash reserves far smaller than those of many developing economy peers, FX intervention may not be feasible for long should investors resume their exodus from emerging markets.
More:Analysis - Turkey defending lira with limited FX ammunition | Reuters
