Markets

Turkish lira firms after central bank lending rate hiked

Published July 23, 2013 Updated July 23, 2013 11:40am

1 min

By Imad Uddin

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ISTANBUL: The Turkish lira strengthened to 1.9081 against the dollar on Tuesday after the central bank said it was raising its overnight lending rate by 75 basis points, firming from 1.9153 beforehand.

The 10-year bond yield dipped to 8.49 percent after the bank's statement, from 8.69 percent beforehand. The main Istanbul share index was up 1.78 percent at 77,162 points.

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