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News digest: Rupee recovers, Videocon loan issue, Fortis-IHH deal, and more

From the end of March 2018 to August 3, India's foreign exchange reserves were down by $21.84 billion to $402.70 billion

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BS Web Team New Delhi
Rupee recovers after breaching 70 a dollar

The rupee recovered after touching an all-time low of 70.08 against the US dollar amid intense pressure on emerging market currencies, triggered by a financial crisis in Turkey, including the rout of its currency, lira. The rupee closed at Rs 69.89 on Tuesday. Read more


ICICI Bank explores consent option

ICICI Bank has intensified efforts to settle the alleged conflict of interest issue involving Managing Director and Chief Executive Officer Chanda Kochhar with the Securities and Exchange Board of India (Sebi). Read more

JSW makes highest bid for Bhushan Power  

Sajjan Jindal-controlled JSW

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