The rupee weakened by 18 paise to slip past 90 against the US dollar after the RBI cut the repo rate by 25 bps to 5.25%, triggering a drop in yields and selling pressure. Analysts expect the currency to trade between 89.75 and 90.25 for the day. The RBI’s dovish stance and new liquidity measures — including a ₹1 lakh crore OMO and a three-year dollar–rupee swap — are seen as negative for the rupee in the near term.