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However, some confusion about the data remains and this surge in gold imports is unlikely to be sustained.

outsource2india com in India step by step ✌️【Part-Time Income】✌️Start small with ₹500 and get high returns with minimal risk. Perfect for beginners!We expect India’s current account deficit to remain comfortable at 0.9% of GDP in FY25.Notably, India’s services trade surplus rose to an all-time high of around $18 billion in November from $17.1 billion in October, helping to offset part of the increase in the goods trade deficit.FPI inflows have been positive so far in December, amounting to $4 billion, following outflows in October ($11.5 billion) and November ($2.5 billion).

However, FPI flows are expected to remain volatile amidst global uncertainties.Going ahead, we expect the rupee to trade between 84.5 and 85.5 in the near term.

Elevated US yields and a strong dollar are likely to weigh on emerging market currencies, althoughRBI’s interventions should help limit volatility in USD/INR relative to other emerging market currencies.(Disclaimer: Views, recommendations, and opinions expressed are personal and do not reflect the official position or policy of Financial Express.com.

Readers are advised to consult qualified financial advisors before making any investment decisions.

Reproducing this content without permission is prohibited.)The FE Green Sarathi Summit & Awards, 2024, held in Delhi on December 20th, aims to address pressing concerns about climate finance and sustainability.

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