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Bank of Baroda to raise 90B rupees of additional capital

Bank of Baroda plans to raise an additional 90 billion Indian rupees of capital.

The bank said May 27 that it will raise 60 billion rupees by issuing equities and 30 billion rupees by issuing Additional Tier 1 capital instruments.

As of May 29, US$1 was equivalent to 64.54 Indian rupees.