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View Full Version : Sri Lanka Cuts Rates as Economy Grew at Slowest Pace Since 2003 - Bloomberg



NewsWhore
03-18-2009, 04:31 AM
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Sri Lanka Cuts Rates as Economy Grew at Slowest Pace Since 2003 (http://news.google.com/news/url?sa=T&ct=us/0-0&fd=R&url=http://www.bloomberg.com/apps/news%3Fpid%3D20601091%26sid%3DaT5TBI.T.knM%26refer%3Dindia&cid=1315895568&ei=NqTASZHQNY6MNc6WifYJ&usg=AFQjCNGo1seGjTBUuqmmtpDUe6L6-F2QUA)
Bloomberg
Since August, the South Asian nation has spent half its foreign reserves, now $1.7 billion, on supporting its currency, paying debt and imports. It needs another $900 million for loan repayments in 2009. The reserves aren’t getting replenished as the ...


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