Mumbai, Sept. 29 -- The fallout of US president Donald Trump's visa and trade barriers on remittances, combined with relentless foreign selling in the capital markets, could keep the Indian rupee under duress when it is already hovering around all-time lows. Money sent home by Indians working in the US and the country's export income will come under pressure because of Trump's continued arm-twisting of the world's fourth-largest economy, be it through sudden and hefty fees on H-1B visas or a 50% tariff, including a 25% additional levy for buying Russian oil, experts said. That will hurt the current account balance-the difference between a country's exports and imports of goods and services, along with transfer of funds. "A majority of the net services export income comes from IT services that India provides," according to Madan Sabnavis, chief economist, Bank of Baroda. "There are also remittances that those employed abroad do to send money to India, and if IT companies are deterred from sending Indians abroad to work on these visas, the remittances can drop." The US is the top source of remittances for India, accounting for about 27.7% of such inflows in the year through March, according to data by the RBI. It was followed by the United Arab Emirates (19.2%) and the UK (10.8%). Remittances rose to $33.2 billion in the June quarter from $28.6 billion a year earlier. The Indian rupee has weakened from 85.5 against the dollar since Trump announced tariffs on a host of nations in April to 88.7 on 26 September. Trump made several flip-flops, but India has been at the receiving end. While the two countries negotiate a bilateral trade deal, these moves are still expected to hurt the local economy. Estimates by India's chief economic adviser V. Anantha Nageswaran peg the impact at 50 basis points of India's GDP growth in fiscal year 2026 (FY26), but retained the forecast at 6.3-6.8%. However, economists at CareEdge Ratings estimate that if 50% US tariffs persist, India's FY26 gross domestic product (GDP) growth could be around 6%, compared with its base case of 6.5%, which assumes tariffs settle at 15-20%. India's net services receipts increased to $47.9 billion in the June quarter against $39.7 billion a year earlier, showed RBI data. Software services, which are the biggest component of services exports, contributed $41.5 billion, up from $37.4 billion in the first quarter of the previous fiscal. If outsourcing comes under threat, then these net services exports could decline, according to Sabnavis....