Rupee slips by 1 paisa to close at 85.59 against US dollar amid oil price surge, importer demand – Times of India

Rupee slips by 1 paisa to close at 85.59 against US dollar amid oil price surge, importer demand – Times of India

The rupee settled marginally lower by 1 paisa at 85.59 (provisional) against the US dollar on Wednesday, as rising crude oil prices and persistent demand for the greenback from importers and foreign banks weighed on the domestic currency.Trading in a tight range, the local unit opened at 85.65 at the interbank foreign exchange and oscillated…

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Turnaround from importer to exporter! India now shipping Apple product components to China & Vietnam – The Times of India

Turnaround from importer to exporter! India now shipping Apple product components to China & Vietnam – The Times of India

India has emerged as a key manufacturing hub for Apple, complementing operations in China and Vietnam. (AI image) Make in India, ship to China! India has begun exporting electronic parts to China and Vietnam, marking a significant shift as these components are used in manufacturing various Apple products such as MacBooks, AirPods, Watch, Pencil and…

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