By Khushita Vasant of Dow Jones Newswires Mumbai - India's Housing Development Finance Corp. plans to raise at least 2.5 billion rupees by selling bonds, two people familiar with the matter said Tuesday.

Indian equities continued to trade higher on Tuesday. At 9.58 am, the Sensex was trading up 85.40 points or 0.53% at 16268.66 with 25 components gaining.

Prospects of sharply lower interest payments on homes, cars and project loans this year may remain elusive with an all round rise in prices forcing people to spend more of their income rather than save.

Mortgage lender Housing Development Finance Corporation (HDFC), on Saturday, said the board had given approval for raising the FII (foreign institutional investors) shareholding limit to 100 per cent.

New Delhi: Mortgage lender Housing Development Finance Corporation (HDFC) on Friday said the board has given approval for raising foreign institutional investors (FIIs) shareholding limit to 100 percent.