Turkish local investors sold over $1 billion in forex in profit taking after an initial steep slide in the lira on Friday as Britain's shock vote to exit from the European Union hit emerging market currencies, bankers told Reuters.

Local investors took profits after the lira fell as low as 3.0032 against the greenback. It weakened to a one-month low against the dollar and traded at 2.93 by 0944 GMT, from Thursday's level of 2.8731. - Reuters