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22.11.25 - 01:00
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Rupee breaches 89/$ mark, worst 1-day drop since May (Times of India)
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The Indian rupee plummeted to a record low of 89.49 against the dollar on Friday, experiencing its sharpest fall since May. This decline was driven by strong dollar demand, portfolio outflows, and concerns over US sanctions on entities facilitating Iranian oil sales. Despite the RBI's stance on not targeting specific levels, intervention occurred after the 89 mark was breached....
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22.11.25 - 00:54
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Finally, gig workers have pan-India social security (Times of India)
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Gig workers are set to receive a significant boost with the implementation of the Social Security Code. Online platforms like Swiggy and Uber will now contribute 1-2% of their turnover to welfare funds, ensuring nationwide social security coverage, portable benefits, and access to essential protections for millions....
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22.11.25 - 00:54
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India Inc eyes business boost, braces for changes (Times of India)
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India Inc faces significant operational shifts, including revised salary structures and mandatory health check-ups, to align with new labor provisions. While demanding these changes for years, businesses also welcome the flexibility in hiring women for night shifts and managing seasonal workforce needs, boosting sector competitiveness....
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21.11.25 - 13:30
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Forex watch: India′s reserves jump $5.54 bn; gold vaults total kitty to $692.57 bn (Times of India)
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India's foreign exchange reserves saw a significant jump of over five billion dollars. This surge, ending November 14, pushed total reserves to nearly 700 billion dollars. The Reserve Bank of India reported that increased gold valuations were the primary driver. Foreign currency assets also saw a modest rise. This marks a strong recovery after a decline in the previous week....
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