ISTANBUL Jan 24 Turkey's lira touched a record
low against the dollar on Friday, amid a sell-off in emerging
markets, just a day after the central bank intervened in the
forex market to halt its slide.
Turkey's lira slid as far as 2.3360 against the
dollar, from 2.3050 late on Thursday. By 1545 GMT, it was at
The lira has fallen 10 percent against the dollar over the
past month, pulled down by a corruption scandal and by the
winding down of U.S. monetary stimulus. Investors had been
crying out for a rate hike to defend it.
With no trades recorded in the afternoon, the yield on the
10-year benchmark bond rose to 10.44 percent
from 10.37 percent a day earlier.
The main Istanbul stock index closed down 1.53
percent at 64,427.52 points, in line with the main global
emerging market index.
(Reporting by Dasha Afanasieva; Editing by Larry King)