The Indian rupee is poised to open slightly weaker on Tuesday after U.S. President Donald Trump made good on his threat of imposing tariffs on steel and aluminium imports, fuelling fears of a wider trade war.

Most of the market participants believe that rupee is less likely to breach 88 a dollar level in February, as Reserve Bank of India may slow down the pace of depreciation.

President Trump's newly announced tariffs are sending shockwaves through global markets! The Indian Rupee plunged to record lows in trade, just shy of the 88 per Dollar mark, stock markets are in a four-day freefall,