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NaBFID targets about $4 bln dollar funding by December

NaBFID said it aims to raise about $4 billion in dollar funding by December via RBI's discounted hedging facility through loans and bonds.

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By Dharamraj Dhutia and Khushi MalhotraIndia's National Bank for Financing Infrastructure and Development (NaBFID) is targeting a total dollar-fundraise of about $4 billion by December through loans and bonds under the Reserve Bank of India's discounted hedging facility, its chief said on Thursday…