Markets

Turkey's lira hits firmest since late May

Published July 14, 2015 Updated July 14, 2015 12:04pm

1 min

By Shoaib Ur Rehman

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ISTANBUL: The Turkish lira rallied some 0.6 percent against the dollar on Tuesday to below 2.63, its firmest since May 26, boosted by hopes for a coalition government, the Greek bailout and falling oil prices after the Iran nuclear deal.

The positive mood extended to the main Istanbul share index , which rose 0.82 percent, while the benchmark 10-year government bond yield was steady at 9.48 percent.

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