Rupee slipped to a new low amid weak global cues, tariff threats, and caution ahead of the RBI's policy decision.

• Rupee closed at 87.77/USD, touching a record 87.95 intraday on risk-off sentiment and US-India trade tensions.
• RBI expected to hold rates; markets seek clarity on growth and tariff impact amid frontloaded rate cuts earlier.
• Sensex fell 308 pts, Nifty down 73 pts as equities tracked global pessimism and rising geopolitical concerns.