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Sri+Lanka+forex+inflows+rising%2C+says+Central+Bank
Sunday, 01 April 2012 - 13:40
Sri Lanka forex inflows rising, says Central Bank
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The Central Bank said there had been a "considerable improvement" in foreign exchange inflows in March 2012, amid a caution that it is domestic monetary policy and not inflows that determines an exchange rate.

More than US $ 500 million in foreign investment is expected in the next few weeks.

Analysts however warn that inflows themselves make no impact on the exchange rate if the underlying credit conditions are not corrected.

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