By Yon Pulkrabek
Aug. 5 (Bloomberg) -- The Turkish lira fell against the dollar after the country's central bank said inflation may slow as oil prices fall, signaling it may keep interest rates on hold in August.
The lira snapped a six-day gain and was at 1.1555 against the dollar at 3:47 p.m. in Istanbul, compared with 1.1535 yesterday. It rose to 1.1499 earlier today.
To contact the reporter on this story: Yon Pulkrabek in Prague at ypulkrabek@bloomberg.net
Tuesday, August 5, 2008
Turkish Lira Falls Against Dollar on Bets Inflation May Slow
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