The Indian Rupee weakened 0.8% in November 2025 to a historic low of 89.46/$, then fell further to 89.73/$ in early December despite blockbuster 8.2% Q2 GDP growth that beat forecasts of 7.3%. Bank of Baroda economist Aditi Gupta says external trade and capital flow worries overshadowed strong domestic fundamentals. With no RBI rate cut expected and Fed moves already priced in, the rupee is likely