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Edelweiss Financial to raise 8B rupees in debt issues

India's Edelweiss Financial Services Ltd. plans to raise up to 8 billion rupees by issuing short-term debt.

The company said Dec. 11 that it will raise the capital in two debt issues of 5 billion rupees and 3 billion rupees.

As of Dec. 11, US$1 was equivalent to 64.37 Indian rupees.