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Moody's may upgrade rating

New York Nov. 14. The International rating agency Moody's today indicated that it could upgrade India's sovereign rating for foreign currency bonds, debt ceiling and bank deposits due to ``substantial strengthening of its external financial situation''.

The rating agency said in a statement that it would review for possible upgrade of India's present ratings of Ba2 for foreign currency ceiling for debt and Ba3 foreign currency country ceiling for bank deposits.

PTI

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