Turkish lira, bonds little changed by fx RRR cuts

ISTANBUL: A move by the Turkish central bank on Wednesday morning to add $1.3 billion of liquidity to the market through reductions in banks' required reserve ratios had little impact on either the lira currency or the benchmark bond yield.

The lira stood at 1.8900 against the dollar by 0725 GMT little changed from early levels but stronger than Tuesday's record closing low of 1.9000.

The benchmark May 15 2013 bond yield was at 8.52 percent, again little changed from early levels, but down from Tuesday's close at 8.56 percent.