Indian electronics companies are now eager to collaborate with Chinese firms. This follows the government’s approval of Dixon Technologies’ joint venture. Epack Durable and others are considering similar partnerships. The move signals a potential easing of restrictions on Chinese investment. This is crucial for India’s electronics component manufacturing scheme.
Rupee touches one-week high; RBI plans to ease dollar bids
The rupee hit a one-week high as expectations of RBI measures to curb oil refiners’ dollar demand boosted sentiment and eased pressure on the currency.