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India's Housing Development Finance hikes interim dividend

Housing Development Finance Corp. Ltd. declared an interim dividend of 3.50 Indian rupees per equity share for the fiscal year ending March 31, up from the prior fiscal year's interim dividend of 3 rupees per equity share.

The dividend will be paid March 29 to shareholders on record as of March 24.

As of March 15, US$1 was equivalent to 64.98 Indian rupees.