Turkish Lira gain ground against foreign curriencies after increase in interest rates by the Central Bank

Following the increase in interest rate by the Central Bank of Turkey, the Turkish Lira made some gain against the US Dollars selling at the interbank market for about 4.50TL on Thursday. But how long can it hold??

This saw the Dollar/TL decline from 4.58 to 4.4560 after Thursday's decision.

The Turkish Lira also rose against other foreign curriencies selling against the Euro at 5.30 and against the British Pounds Sterling at 6.13 at the interbank bank.