Trump Tariff Shock Poised to Deepen Rupee’s Underperformance

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.

Analysts at Deutsche Bank AG and Barclays Plc expect the currency to drop to new record lows by the year-end amid muted foreign inflows and headwinds from US tariffs. Meanwhile, the Chinese yuan, Indonesian rupiah, Malaysian ringgit and Philippine peso are projected to gain, according to estimates compiled by Bloomberg.