Markets

Turkish lira's real exchange rate falls

Published August 6, 2013 Updated August 6, 2013 12:20pm

1 min

By Muhammad Iqbal

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ISTANBUL: Turkey's central bank said on Tuesday the real effective exchange rate of the lira, which the bank is monitoring to avoid excessive volatility, stood at 114.6 in July from 115.65 in June.

The rate measures the weighted average of domestic prices relative to those of Turkey's trading partners.

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