Forex markets: Rupee rises 9 paise to close at 85.57 against dollar, FII inflows lend support amid global volatility

The Indian rupee appreciated by 9 paise to settle at 85.57 against the US dollar on Monday, buoyed by strong foreign institutional investor (FII) inflows. Further gains were capped by rising global crude oil prices, a stronger US dollar, and mixed cues from domestic equities, forex traders said.At the interbank foreign exchange, the local currency…

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Electronics manufacturing: One more cluster approved for Tamil Nadu, says Vaishnaw, rail sector also sees fresh boost

The Centre has approved a third electronics manufacturing cluster for Tamil Nadu, Union Minister Ashwini Vaishnaw said on Tuesday, reinforcing the state’s growing role in India’s electronics production landscape. The move aligns with Prime Minister Narendra Modi’s vision of making Tamil Nadu a major electronics manufacturing hub, he added.Vaishnaw, who holds the portfolios of Information…

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