The Indian rupee may drop past 88 to the U.S. dollar to an all-time low on Tuesday after U.S. President Donald Trump threatened steeper tariffs on Indian goods, worsening fragile sentiment and stoking concerns of more foreign outflows.

India’s rupee is poised to remain one of Asia’s worst performers in the second half of the year, with US tariffs adding pressure to an already fragile economic recovery, analysts say.

The Indian rupee fell to 87.80/USD as US-India trade tensions escalated after President Trump threatened more tariffs. RBI intervention helped limit the slide, but fears over oil prices and foreign ou