Brazil October inflows greatest since June 2007

SAO PAULO, Nov 4 (Reuters) - Brazil in October saw its greatest dollar inflows in more than two years, the central bank said on Wednesday, despite government efforts to brake the flow of capital into the country and the subsequent appreciation of the local currency, the real (BRBY).

Almost $14.6 billion entered Brazil in October, a jump from the nearly $1.37 billion the month before. October's number is the highest in Brazil since June 2007.

The currency has gained about 35 percent so far this year.

In October the government imposed a 2 percent tax on inflows into equities and fixed-income investments in an effort to slow the real's gains. While the currency weakened the day the tax went into effect, analysts broadly expect the tax will have little long-term effect.

The central bank also said that it bought about $6.7 billion on the spot market in October, up from about $3.5 billion in September. (Reporting by Luciana Lopez, Editing by Chizu Nomiyama)