Lira Gains Second Day as Bank Withholds Lending at Lowest Rate
By Selcuk Gokoluk - Apr 12, 2012 5:13 AM ET
The lira strengthened the most in more than two weeks after the Turkish central bank withheld lending at its lowest rate for a second day.
Turkey’s currency appreciated 0.4 percent to 1.8018 per dollar at 11:08 a.m. in Istanbul, heading for the biggest gain since March 28 on a closing basis. The yield on two-year benchmark debt declined two basis points, or 0.02 percentage point, to 9.42 percent.
More:Lira Gains Second Day as Bank Withholds Lending at Lowest Rate - Bloomberg