Turkish central bank injects 24 billion lira in repo, bids 46.5 bln
Total bids for the repo, which matures on Dec. 26, were 46.5 billion lira
The Turkish central bank injected 24 billion lira ($10.35 billion) into the market on Friday in a one-week repo auction at a fixed simple rate of 8.25 percent, central bank data showed.
Total bids for the repo, which matures on Dec. 26, were 46.5 billion lira, it said.
On Thursday, the lira struck a low in value of 2.41 lira to the dollar and 3.03 to the euro -- breaking through the crucial 3.0 barrier.
The currency rallied, strengthening to 2.32 lira per dollar and 2.87 to per euro.