Bond issue - a last resort for rupee?
India is weighing further steps to brake the slide in the rupee including selling dollars directly to oil importers, official sources say. Article | Rupee hits 55.47/dlr
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StanChart PE invests $25 mln in Bush Foods
MUMBAI |
MUMBAI (Reuters) - Standard Chartered Private Equity, a unit of Standard Chartered Plc said on Wednesday it had invested $25 million in Bush Foods Overseas, which processes and sells basmati rice.
The investment will be used to part finance the expansion of Bush Foods' manufacturing and processing units and support the company's long-term working capital requirements, Standard Chartered's private equity unit said in a statement.
(Reporting by Sumeet Chatterjee; Editing by Aradhana Aravindan)
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