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اردو

Dec 26, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►

Markets

Turkish lira weakens to 4.3 against dollar after Erdogan comments

Fawad Maqsood | Reuters Published May 11, 2018

ISTANBUL: The Turkish lira extended losses against the dollar on Friday after President Tayyip Erdogan said that interest rates need to be brought lower again, reviving investor concerns about the central bank's ability to rein in double-digit inflation.

The lira weakened as far as 4.3080 against the dollar after his comments from a close of 4.2374 on Thursday. On Wednesday it had hit a record low of 4.3780 before rebounding strongly the following day.

Copyright Reuters, 2018

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World
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