(Bloomberg) -- Turkish lenders sold around $8 billion until midday on Wednesday to support the lira after the currency plunged as much as 11% following the detention of Istanbul Mayor Ekrem ...

Bankers calculate that the Turkish central bank sold a minimum of $5 billion in FX after the lira's crash, while some say it may have already reached $10 billion for the day. Some analysts and ...

London (Reuters) -The dollar rallied on Wednesday ahead of the Federal Reserve's decision on interest rates, but retreated from the day's highs after markets stabilised from an early shock caused by ...

The Turkish lira’s sharp fall on news that Turkish President Recep Tayyip Erdogan’s key rival was arrested will complicate the central bank’s task of lowering inflation, Capital Economics ...

ANKARA, March 19 (Reuters) - Turkey's central bank sold a record amount of foreign currency on Wednesday after the lira dropped more ... Sign up here. The Turkish central bank declined to comment.

Turkish assets fell sharply Wednesday, after police detained Istanbul mayor Ekrem Imamoglu, a rival of President Recep Tayyip Erdogan. The lira weakened more than 3% against the dollar.

Turkish lira tested historic lows against U.S. dollar as traders reacted to the surprise arrest of Istanbul mayor Ekrem Imamoglu. Imamoglu is a leading figure in the opposition party and a direct ...

The Turkish lira tumbled to a record low against the U.S. dollar, while Turkey's benchmark index dropped up to 7% following the arrest of Istanbul Mayor Ekrem Imamoglu, a leading opposition figure ...

Overseas brokerage firm CLSA has highlighted its concerns on Jubilant Foodworks Ltd over potential financial risks stemming from the sharp depreciation of the Turkish Lira. The decline in the ...

The Turkish lira fell to a record low against the dollar after reports that Istanbul mayor Ekrem Imamoglu, a key rival of President Recep Tayyip Erdogan, was arrested.

The Turkish lira dropped more than 10 per cent before reversing some of the losses. The benchmark Bist 100 index fell 9 per cent, while its benchmark local currency bond had its worst day since 2023.

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