ISTANBUL: The Turkish lira touched a fresh record low on Wednesday and neared 8 versus the dollar, as tensions in the Eastern Mediterranean and the conflict in Nagorno-Karabakh continued to rattle investors and local savers.
At 0953 GMT, the lira was 0.4pc weaker at 7.9560, having touched an all-time low of 7.9600.
It has weakened more than 25pc this year, hit by concerns over depleted forex reserves and costly state interventions in the forex market.
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