Turkish lira crisis: market jitters send Indian rupee to record low - business live
(The Guardian Business News)

All the day´s economic and financial news, including new German growth figures and UK unemployment data, plus the latest on Turkey´s currency crisis 7.56am BST Newsflash: India´s rupee has fallen to a record low, as Turkey´s currency woes sends ripples through emerging markets.`Investors are concerned that the rupee has crossed the 70 benchmark today....The Reserve Bank of India´s monetary policy has shown concern for the rupee´s fluctuations so investors should not be worried by knee-jerk reactions in the forex market.`Turkey`s lira is relatively stable after slumping 20% in 4 days, but India`s rupee hits record low https://t.co/SyWjEvAUD1 pic.twitter.com/sSKVyGycCM 7.26am BST Good morning, and welcome to our rolling coverage of the world economy, the financial markets, the eurozone and business. Related: Turkish lira record low ripples through global currency markets `We are together in NATO and then you stab your strategic partner in the back.`Tuesday´s GUARDIAN: `Fears of global crisis as Turkey battles to halt sliding currency` #bbcpapers #tomorrowspaperstoday pic.twitter.com/Jg70iPtQ11 Related: Q&A: Why is the Turkish lira in freefall and should we worry? The selloff in the Turkish Lira and the knock-on effects to other currencies and asset classes will continue to attract attention through today´s session. Continue reading...