Türkiye's Borsa Istanbul in red at open

BIST 100 index falls 0.25% in opening session

By Tuba Sahin

ANKARA (AA) – Türkiye's benchmark stock index opened at 3,269.45 points on Wednesday, down 0.25%, or 8.05 points, from the previous close ahead of the US Federal Reserve interest rate decision.

The Fed is set to announce its decision on Wednesday and expected to raise its policy interest rate by 75-100 basis points, further denting the risk appetite worldwide.

On Tuesday, Borsa Istanbul's BIST 100 index was up 2.44% to close the day at 3,277.50 points with a daily trading volume of 70.2 billion Turkish liras ($3.8 billion).

The US dollar/Turkish lira exchange rate stood at 18.3134 as of 9.54 a.m. local time (0654GMT), versus 18.3110 at the previous close.

The euro/Turkish lira exchange rate fell to 18.1366 from 18.3030, while a British pound traded for 20.7674 Turkish liras, down from 20.9600.

Brent crude oil was selling for around $92.45 per barrel, while the price of an ounce of gold was $1,678.35.

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