The rupee breaks a four-day losing streak, as importers’ hedging cuts gains

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 […]