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ISTANBUL: Turkey's lira touched a record low against the dollar on Tuesday as investors weighed the impact of the Caucasus conflict and awaited the new medium-term economic programme to be announced by Finance Minister Berat Albayrak.
The lira hit a record low of 7.8450 against the US currency, weakening from a close of 7.81 on Monday. It is down some 24% this year on worries about Turkey's depleted forex reserves and negative real interest rates.