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India to ask state run oil cos to raise funds through external borrowings

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Reuters NEW DELHI

NEW DELHI (Reuters) - India will ask state-run oil producers to raise more funds through external commercial borrowings, Finance Minister P. Chidambaram said on Monday, as the government tried to sooth investor nerves about a sharp fall in the value of the rupee.

(Reporting by Manoj Kumar and Rajesh Kumar Singh; Editing by Anand Basu)

 

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First Published: Aug 12 2013 | 3:22 PM IST

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