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The Turkish lira hit record lows in value against the U.S. dollar Tuesday as investors took fright over an impending trial in the United States and changes to banking regulations. The lira was down over 1 percent to 3.97 to the dollar at 0652 GMT before rallying slightly to 3.96 at 0800 GMT.As the lira weakened, the Turkish central bank announced that banks would not be able to borrow funds overnight in the interbank money market from Wednesday.The central bank's last change in rates was in January while inflation was at 11.9 percent last month, the highest in 2017 so far.
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