Rupee breaches 90-mark for first time: Currency hits all-time low of 90.21 against dollar; FIIs outflow and crude weigh on sentiment
The Indian Rupee hit a historic low on Wednesday, crossing the 90-per-dollar mark for the first time. This decline was driven by foreign fund outflows, rising crude oil prices, and uncertainty surrounding the India-US trade deal. Market watchers noted a lack of Reserve Bank of India intervention for much of the session.
Big workforce reform! Four Labour Codes made effective to simplify and streamline labour laws - check top details
India's government has announced the implementation of four consolidated labor codes, effective November 21, 2025, to modernize regulations and strengthen worker protections. This significant policy shift rationalizes 29 existing laws, aiming to create a future-ready labor ecosystem that promotes formalization, ensures timely wages, and expands social security for all workers.
India-Israel ties: India mulls startup & innovation collaborations with Israel; Piyush Goyal says focus on cybersecurity, MedTech
India is seeking to deepen collaboration with Israeli startups in areas like cybersecurity, medical devices, and mobility to bolster its innovation ecosystem. Commerce and Industry Minister Piyush Goyal highlighted that technology-driven cooperation will be a key element of a proposed bilateral trade agreement, aiming to leverage Israel's frontier innovation and India's market scale.
Gold and silver ETFs losing shine — Should you buy on dip or hold back? Here’s what experts say
Gold and silver ETFs experienced a significant downturn, with gold down over 6% and silver nearly 9%. Experts advise a long-term perspective and systematic investment plans (SIPs) to navigate volatility. While gold is seen as a debt alternative, silver's long-term potential is viewed as weaker. Despite recent dips, both metals show strong historical returns.
Trade relief: India to gain from US tariff cuts on select agri items; officials say level playing field restored
India anticipates a modest benefit from the US lifting tariffs on agricultural products like tea, coffee, and spices. While this creates a more level playing field for Indian exporters, independent analyses suggest limited gains. Larger beneficiaries are expected to be from Latin America, Africa, and ASEAN, unless India enhances its production and export diversity.
Postal Service flags $9 bn deficit; agency pushes price hikes and policy fixes
Facing a staggering $9 billion annual loss, the US Postal Service is pushing for significant administrative and legislative reforms. New Postmaster General David Steiner highlighted the need for new revenue streams and policy changes to address a deep-seated financial imbalance. These proposed changes aim to improve the agency's business model amidst declining mail volumes and past restructuring efforts.
US cities turn to AI for safer streets; new tools track hazards in real time
Cities and states are increasingly adopting AI tools to identify and prioritize road hazards, a move gaining momentum due to rising traffic deaths and strained budgets. Initiatives in Hawaii, San Jose, and Texas are deploying AI-powered cameras to detect issues like potholes and damaged signs, improving maintenance efficiency and paving the way for future autonomous vehicle integration.
India trade boost: US exempts select farm goods from reciprocal tariffs
India may see a slight edge in certain farm goods. The US has removed some items from its tariff list. This could benefit India's spice and tea exports. However, gains are limited due to India's small market share. Larger exporters in Latin America, Africa, and ASEAN are expected to benefit more.
Gems trade slump: Exports fall 31% in October; early US stocking hit demand
India's gems and jewellery exports experienced a significant 30.57% decline in October, reaching $2.17 billion. This drop, attributed to pre-tariff stocking by overseas buyers and volatile bullion prices, saw substantial decreases in cut and polished diamonds, lab-grown diamonds, and gold jewellery. A revival is anticipated in November due to Chinese market recovery and Christmas demand.
Trade ties: Boeing says India business unaffected by tariff tensions
Boeing downplays India-US trade friction concerns, stating tariffs won't impact its commercial or defense business in India. The aerospace giant sees India as a key growth market and emphasizes a "win-win" for both nations through industrial partnerships and localization efforts. Despite trade talks, Boeing anticipates steady aircraft supply for Indian carriers.