Lira's slide could squeeze dollar-laden Turkish companies

April 21, 2015 4:07 PM

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ISTANBUL, April 21 (Reuters) - Turkish companies could be left struggling to service foreign currency debts following a sharp decline in the lira this year, squeezing profits and investment and further hampering economic growth.

Istanbul's blue-chip BIST 30 is already the worst performer among 30 emerging markets stock indexes year to date, down nearly 17 percent, as the lira's weakness weighs on sectors from banking to industrials.

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