(Updates with details in second paragraph, lira in fourth.)
Oct. 6 (Bloomberg) -- Turkey’s central bank sold $350 million for liras in an auction, selling about a quarter of the $1.35 billion it said it may offer.
The central bank in Ankara got $2.04 billion of bids in the auction, the most since the daily auctions began on Aug. 5, according to data published on the bank’s website today.
Governor Erdem Basci sold $750 million yesterday, a record amount for such a sale, as it sought to defend the currency after it fell to a record low of 1.9096 on Aug. 4.
The lira pared earlier gains, rising 1.1 percent to 1.8478 per dollar at 2:25 p.m. in Istanbul.
Today’s sale equals the amount sold on Sept. 20., the day after the lira declined to 1.8 per dollar
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