BR100 Decreased By (-0.32%)
BR30 Decreased By (-0.71%)
KSE100 Decreased By (-0.31%)
KSE30 Decreased By (-0.57%)
BECO 5.84 Decreased By ▼ -0.19 (-3.15%)
BML 57.92 Increased By ▲ 5.17 (9.8%)
BOP 33.80 Decreased By ▼ -0.45 (-1.31%)
CNERGY 8.15 Decreased By ▼ -0.01 (-0.12%)
DCL 11.77 Decreased By ▼ -0.57 (-4.62%)
FCCL 53.40 Decreased By ▼ -0.49 (-0.91%)
FCSC 5.40 Increased By ▲ 0.18 (3.45%)
FFL 17.88 Decreased By ▼ -0.15 (-0.83%)
FNEL 1.31 Increased By ▲ 0.01 (0.77%)
HUMNL 11.14 Increased By ▲ 0.14 (1.27%)
KEL 8.03 Decreased By ▼ -0.08 (-0.99%)
KOSM 5.45 Increased By ▲ 0.07 (1.3%)
MLCF 87.30 Decreased By ▼ -0.75 (-0.85%)
NBP 184.30 Decreased By ▼ -2.18 (-1.17%)
PACE 11.58 Increased By ▲ 0.86 (8.02%)
PAEL 40.20 Increased By ▲ 0.26 (0.65%)
PIAHCLA 26.10 Decreased By ▼ -0.07 (-0.27%)
PIBTL 17.15 Decreased By ▼ -0.17 (-0.98%)
PPL 228.50 Decreased By ▼ -4.28 (-1.84%)
PRL 34.47 Decreased By ▼ -0.48 (-1.37%)
PTC 67.37 Decreased By ▼ -0.19 (-0.28%)
SEARL 90.61 Decreased By ▼ -0.32 (-0.35%)
SSGC 26.84 Decreased By ▼ -0.33 (-1.21%)
TELE 8.54 Decreased By ▼ -0.03 (-0.35%)
THCCL 66.14 Increased By ▲ 6.01 (10%)
TPLP 9.33 Increased By ▲ 0.57 (6.51%)
TREET 24.50 Decreased By ▼ -0.04 (-0.16%)
TRG 71.80 Increased By ▲ 0.05 (0.07%)
WAVES 10.98 Increased By ▲ 1.00 (10.02%)
WTL 1.28 Increased By ▲ 0.02 (1.59%)
اردو
Android App
Print Edition Dollar to PKR
Budget 2026-27 Iran-US war Petrol Prices Gold Rates Podcasts PSX Notices
Markets

Turkish lira weakens to 4.3 against dollar after Erdogan comments

Published May 11, 2018 Updated May 11, 2018 02:31pm
Save
1 min
comment
By Fawad MaqsoodReuters
Add BRecorder as a trusted
source on Google
Google Preferred Source

ISTANBUL: The Turkish lira extended losses against the dollar on Friday after President Tayyip Erdogan said that interest rates need to be brought lower again, reviving investor concerns about the central bank's ability to rein in double-digit inflation.

The lira weakened as far as 4.3080 against the dollar after his comments from a close of 4.2374 on Thursday. On Wednesday it had hit a record low of 4.3780 before rebounding strongly the following day.

Copyright Reuters, 2018

Comments

Comments are closed for this article.

More Stories

Browse all stories