Lira Climbs Most in Week as Central Bank Restricts Repo Funding
By Selcuk Gokoluk February 04, 2014
The Turkish lira climbed the most in a week as the central bank reduced funding to lenders at an auction of repurchase agreements today.
The currency strengthened 1.3 percent to 2.2543 per dollar at 5:48 p.m. in Istanbul, the biggest increase since Jan. 28 on a closing basis. Yields on the government’s two-year notes fell 21 basis points to 10.83 percent, the lowest since Jan. 23.
More:Lira Climbs Most in Week as Central Bank Restricts Repo Funding - Businessweek
