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Sunday, 29 June 2014 - 20:15
Sri Lanka inflation to be 2.8-pct in June 2014
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Treasury Secretary P B Jayasundera said Sri Lanka's inflation would be 2.8 percent in June and the country now had strong economic growth and a stable exchange rate.

He said foreign reserves were also nearly 9 billion US dollars and was moving towards the 10 billion mark.

Sri Lanka's rupee has been facing upward pressure over several months after weak or negative credit growth reduced outflows of foreign exchange as domestic demand fell and a depreciated exchange rate decimated the spending power of the poor and the rich alike.
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