Turkish lira rebounds  record low against dollar

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Turkish lira rebounds record low against dollar

record low in volatile trading, as investors weighed the impact of steps taken by the authorities to increase the cost of funding. The lira stood at

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record low in volatile trading, as investors weighed the impact of steps taken by the authorities to increase the cost of funding.

The lira stood at 7.1850 against the dollar at 1239 GMT compared with a close of 7.225 on Thursday, after hitting its historic low of 7.365. The currency has lost some 17% against the dollar so far this year.

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