Funds from the Capital Infra Trust InvIT IPO will be used for providing loans to the project SPVs for repayment of external borrowings, in part or in full, from the financial lenders and providing loans to the project SPVs for repayment of unsecured loans and general corporate purposes.
Rupee touches 4-month high of 84.96/$, but closes at 85.23
The dollar index declined to 101.27, but mildly strengthened to 102.66 later during the day. The rupee moved in the range of 84.95-85.33 to a