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71erMUMBAI: India's Rural Electrification Corp has finalised a yield of 9.25 percent to raise up to 10 billion rupees ($179.87 million) via 175-day commercial papers, a source with direct knowledge of the deal said.

The company is raising funds through this route after a gap of more than a year, said the source.

SBI is one of the arrangers of the deal and more are expected to join, the source said.

Copyright Reuters, 2012

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