Naira hit three-month low despite CBN intervention

The naira fell 0.34 per cent to a three-month closing low of N163.45 against the dollar on Wednesday, despite the Central Bank of Nigeria’s intervening for a second day to halt its slide, dealers said. The currency fell as low as N163.70 on strong demand for dollars during intraday trade before the central bank’s action... 
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Added September 17, 2014
from The Punch News