New Delhi, Dec. 16 -- The trade deficit of the country is likely to settle around current levels of November in the near to medium term, with a weaker rupee expected to help keep the gap between exports and imports under control, according to a report by Nuvama.

The report stated that the overall export performance in FY26 so far has continued to soften. It added that the moderation in global trade could put additional pressure on India's export outlook in the coming months.

In this situation, developments related to the India-US trade deal will be an important factor to watch, as it could influence the future direction of exports.

The report stated, "Deficit may settle around current levels; INR weakness to help"

Despite the slowdown...