A money changer counts Turkish lira banknotes at a currency exchange office in Istanbul, Turkey August 2, 2018. (REUTERS/Murad Sezer/File Photo)
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The Turkish lira pulled back on Tuesday from a record low hit a day earlier, helped by the central bank's liquidity measures and news of a planned conference call in which the finance minister will seek to reassure investors.The lira, which closed at 6.9 per dollar on Monday, has weakened 45 percent this year, hit by worries over President Tayyip Erdogan's calls for lower interest rates and worsening ties with the United States.The lira stood at 6.54 against the dollar at 0749 GMT, up around five percent on the day.Bankers said on Monday the central bank would meet banks' lira liquidity needs at the overnight rate of 19.25 percent -- 150 basis points above the benchmark weekly repo rate -- a move they said could be interpreted as a small, covert rate hike.
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