Rupee Slips Back Toward 90 Mark: RBI Cut Fails to Stem USD Pressure

The Indian rupee weakened toward 90 per USD post-RBI's 25 bps repo cut to 5.25%, trading at 89.84-89.95 despite initial recovery. Persistent FII outflows, US trade tensions, and dollar strength override easing cheers, with RBI interventions limiting sharper fall.

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