Turkish lira recovers with improving global sentiment

ISTANBUL: Turkey's lira recovered slightly on Wednesday after better than expected economic data in China improved global sentiment, while the Turkish central bank lowered the amount of cheap liquidity at repo auctions.

By 1441 GMT the lira firmed to 2.1338 to the dollar from 2.1412 late on Tuesday. Volumes were low ahead of the Easter holidays.

The 10-year benchmark yield closed down at 10.08 percent from 10.22 percent at Tuesday's close.

The Istanbul stock market was almost flat, down 0.05 percent to 72,399.37 points, sightly underperforming the emerging markets index which was flat.