India’s trade deficit surged to a record $37.8 billion in November, primarily driven by a significant rise in gold imports. This widening gap has intensified downward pressure on the rupee, which weakened by 0.5% against the dollar last month, reaching a record low of 84.8712 per dollar. The Reserve Bank of India (RBI) is expected to continue intervening in the forex market to stabilize the currency. However, persistent fiscal imbalances and external pressures from US trade policies under President-elect Donald Trump could further weaken the rupee. Investors should closely watch RBI’s actions and global economic developments, as the forex market remains highly volatile. #Forex #India #Rupee #RBI #USD