Banks borrow record $89.3 billion from Bank of Japan's dollar funding operations on Tuesday
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TOKYO (Reuters) - Banks borrowed a total of $89.3 billion (76.69 billion pounds) in the Bank of Japan's two dollar funding operations on Tuesday, the central bank said after it offered three-month and one-week funds to market players who were seeking dollar funding.The takeup was well beyond its previous record of $50.2 billion, hit on October 21, 2008, during the global financial crisis.