Lira Falls First Time in 3 Days as Bank Resumes Cheaper Lending
By Selcuk Gokoluk - Apr 18, 2012 3:57 AM ET
The lira weakened for the first time in three days after the central bank offered funding at its lowest rate for the first time this week.
The Turkish currency depreciated 0.4 percent to 1.7943 per dollar at 10:06 a.m. in Istanbul, heading for the biggest decline in more than a week. The yield on two-year benchmark debt dropped three basis points, or 0.03 percentage point, to 9.39 percent.
More:Lira Falls First Time in 3 Days as Bank Resumes Cheaper Lending - Bloomberg
