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Turkish lira hits record low 2.2261 against euro/dollar

ISTANBUL: Turksih lira weakened to a historical low of 2.2261 against the euro/dollar basket on Tuesday due to high corp
Syed Murtaza Gheblehzadeh 18 Oct 2011

turkish-liraISTANBUL: Turksih lira weakened to a historical low of 2.2261 against the euro/dollar basket on Tuesday due to high corporate dollar demand to meet imports, and after the central bank's low forex auction volume of $70 million on Monday.

The lira traded at 2.2117 at 1530 GMT on Monday. The lira weakened to 1.8695 per dollar from Monday's close at 1.8520.

Copyright Reuters, 2011

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