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India's Rural Electrification hikes interim dividend

Rural Electrification Corp. Ltd. declared an interim dividend of 7.40 Indian rupees per share for the fiscal year ending March 31, up from the prior fiscal year's interim dividend of 7 rupees per share.

The dividend will be paid on Feb. 27 to shareholders on record as of Feb. 19.

As of Feb. 6, US$1 was equivalent to 64.26 Indian rupees.