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USD/TRY forecast: Turkish lira crashes ahead of CBRT rate cut
The Turkish lira crashed to a record low after Donald Trump’s swearing-in and as traders wait for the next interest rate decision. The USD/TRY exchange rate rose to a record high of 35.60 ...
World Finance3y
Lira depreciation leaves Turkish banks vulnerable
The value of the Turkish lira shot up by four percent. Within just four months in office, Ağbal managed to put out the fires surrounding the fragile Turkish economy. During his tenure, the lira ...
Business Insider India6y
Turkish lira crisis leads India to the largest rupee drop in 5 years
According to experts, the dip in the rupee happened primarily due to the Turkish lira falling nearly 8% in one day. At the end of yesterday, the rupee was the worst performing Asian currency.