The lira lost 17% of its value in the Asian markets
The Turkish Central Bank (TCMB) injected 29 billion Turkish Liras (nearly $4.61 billion) into the domestic market at a one-week repo auction on March 13, with bids amounting to 62.25 billion liras.
The simple interest rate applied was 10.75 percent, whereas the compound interest rate was 11.34 percent.
Turkey's lira firmed nearly 1 percent on Oct. 29, extending its recent rally after investor worries were partially eased.
The Turkish Central Bank left its benchmark interest rate unchanged on Oct. 25 as expected, after a mammoth 6.25 percentage point increase that has helped the lira recoup some of its losses this year.
Turkey's central bank raised its benchmark rate by 625 basis points on Sept. 13 in a move that boosted the Turkish Lira and may ease investor concerns about monetary policy.
The Turkish lira gained ground against the U.S. dollar on Sept. 12 ahead of the monetary policy committee meeting of the Turkish Central Bank.