Lira News

News

Turkish lira drops to record low over US sanction threat

The lira has lost around 25% of its value this year as the coronavirus pandemic continues to batter the economy

1 min read26 Oct 2020
News

Turkey in Tough Battle to Defend Lira Despite Dollar Weakness

Meanwhile, an attempt to contain volatility in the lira by restricting foreign investors’ ability to trade the currency has compounded a flight from Turkish assetsTurkey’s gross currency reserves have dropped almost 40% since the beginning of the year to $49.2 billion

2 min read28 Jul 2020
Market

A painful 2019 for investors? Analysts who warned of emerging-market rout expect so

Jason Daw said: 'It will be a multi-year process for investment behavior to adapt to less generous dollar liquidity conditions after a decade of easy money'

3 min read16 Dec 2018
Market

The Jerome Powell effect on rupee is a sentiment boost at best

It is too early to call the appreciation in emerging market currencies, courtesy US Federal Reserve chairman Jerome Powell's dovish tone, a turnaround

1 min read30 Nov 2018
Market

US Fed rate hike ‘pause’ rekindles emerging market interest

A slower pace of US Fed rate hikes would weaken the dollar and aid emerging markets, which attract investors by paying higher yields to account for their bigger risk

3 min read22 Nov 2018
News

Trump sees ‘good, even great’ ties with Turkey after Brunson release

The diplomatic rancor had triggered a crash in Turkish currency lira

1 min read13 Oct 2018
Market

Emerging market currency crisis may lead to broader economic trouble

Purchasing manager indexes have suffered sharp drops across many developing nations

4 min read17 Sep 2018
Market

Global stocks fall as trade fears return, dollar slips

Futures on the S&P, Dow , Nasdaq all pointed to a slight dip at the open while shares in Hong Kong, China led declines in Asia on news that Trump instructed aides to proceed with tariffs on $200 billion more in Chinese products

1 min read17 Sep 2018
Market

Turkey’s central bank raises benchmark rate to 24%, lira rallies

The surprise move buoyed markets that had been mired in a slump for months, triggered by a diplomatic row with the US and then amplified by central bank inaction

4 min read14 Sep 2018
Market

Foreign inflows into Asian equities unlikely to sustain, say analysts

Foreign investors bought a net $2.42 billion of Asian stocks last month, their biggest monthly purchase since January

2 min read6 Sep 2018
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Budget

The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared

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