A 20 Turkish Lira banknote is seen through a magnifying lens in this file photo illustration taken in Istanbul, January 28, 2014. REUTERS/Murad Sezer/Files
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The Turkish lira plumbed another record low against the dollar Tuesday, as investors punished the currency on fears of rising political instability ahead of the June 7 parliamentary election.The lira touched a low of 2.6740 against the dollar before recovering slightly to 2.6681, down from 2.6542 late Monday.The lira has lost 12 percent to the dollar this year, the worst performer among all major emerging market currencies apart from Brazil's real.In dollar terms it is down 18.5 percent, according to Thomson Reuters data, making it the worst performer among 30 emerging market share indices this year.
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