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Fall in Sri Lanka forex reserves

Sri Lanka's foreign exchange reserves have dropped to $6,850mn in May 2015 from $7,454mn in April, Economy Next reported.

The reserves are the lowest since March 2015, when total reserves fell to $6,835mn, according to data from the central bank.

In April foreign exchange reserves recovered, partly helped by a $400mn swap with the Reserve Bank of India.

Read more here.

Reserve Bank of India signs currency swap agreement with Sri Lanka (31 March 2015)

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