Mumbai, Nov. 7 -- The dollar index is recovering on Friday following a near half a percent decline in the previous session following Challenger report that showed US job cuts in October hit highest level for the month in 22 years, increasing expectations of a rate cut. U.S.-based employers announced 153,074 job cuts in October, up 175% from the 55,597 cuts announced in October 2024. It is up 183% from the 54,064 job cuts announced one month prior, according to the report. Through October, employers have announced 1,099,500 job cuts, an increase of 65% from the 664,839 announced in the first ten months of last year. It is up 44% from the 761,358 cuts announced in all of 2024. Year-to-date job cuts are at the highest level since 2020 when 2...