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The Indian rupee ended slightly higher on Tuesday, breaking its four-day losing streak as state-owned banks and foreign lenders sold dollars.However, importers took advantage of this move to increase hedging, which bankers said dampened profits. The local currency opened at 90.2150 and rose to an intraday high of 90.09, supported by dollar offers from state-owned […]
File photo: File photo: The Logo of the Adani Group can be seen on the facade of the Bedrijfshuis on the outskirts of Ahmedabad, India, November 21, 2024. Reuters/Amit Dave/photo/File photo | Photocredit: Amit Dave Indian and foreign lenders have considerably increased their exposure to the Adani group for the past 12-15 months, betting on […]
