<h1>Rupee weakens to 88.67 amid widening trade deficit, surging gold imports and trade policy uncertainties affecting market sentiment.</h1> Rupee weakened to 88.67 against the US dollar amid equity sell offs and global trade uncertainties, with intraday fluctuations around 88.67-88.69. October trade data showed exports down 11.8% to USD 34.38 billion and a record trade deficit of USD 41.68 billion driven by large increases in gold and silver imports and higher shipments of cotton raw/waste, fertiliser and sulphur, while crude import bills fell. These trade dynamics and ongoing trade negotiations dampened investor sentiment despite some foreign inflows.