Trump tariffs impact, Feb. 5 -- The Indian Rupee has emerged as the worst-performing Asian year-to-date (YTD) against a stronger US dollar after US President Donald Trump's tariff policies rattled global markets. A bearish bias prevailed on the currency, with traders positioning for a potential interest rate cut by the Reserve Bank of India (RBI)'s monetary policy committee (MPC) this week.

The domestic currency declined past the 87 mark and has depreciated over two per cent so far in 2025. It is the worst performer among major Asian currencies this year. Persistent foreign outflows, uncertainty surrounding US trade tariffs, and expectations of domestic rate cuts have weighed the domestic unit.

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