Indian Rupee Finished The Day at 94.8175

The Indian rupee closed at 94.8175 on Tuesday in comparison to its previous closing 94.485 on Monday evening. The Indian Rupee recently weakened to around 94.70 to 94.80 per US Dollar as surging Brent crude prices near $98 and renewed foreign investor asset sell-offs interrupted its previous rally. Despite aggressive intervention and massive foreign-currency inflows bolstered by the Reserve Bank of India, currency analysts at MUFG have revised their outlook upwards. They now project the USD to INR exchange rate to climb to 95.50 before the end of the year and reach 96.50 by the second quarter of 2027, driven by a higher import bill, structural portfolio outflows, and anticipated monetary policy tightening by the central bank.

At close, the Sensex was down 555.23 points or 0.73 percent at 75,577.58, and the Nifty was down 144.05 points or 0.61 percent at 23,635.10.

About 2025 shares advanced, 2174 shares declined, and 178 shares unchanged.

Top Nifty losers were ICICI Bank, Axis Bank, SBI Life Insurance, L&T, UltraTech Cement, while gainers included Bharat Electronics, ONGC, HUL, Eicher Motors and Adani Ports.

Indian benchmark equity indices extended their downward trajectory for the second consecutive session on September 8, 2026, driven by intense selling pressure in financial stocks and growing macroeconomic headwinds. The BSE Sensex slumped 555.23 points or 0.73 percent to settle at 75,577.58, while the broader Nifty 50 slipped 144.05 points or 0.61 percent to close below the 23,650 threshold at 23,635.10. Market sentiment remained subdued amid mounting concerns over soaring crude oil prices approaching USD 100 per barrel due to ongoing geopolitical tensions in the Persian Gulf, alongside tighter domestic liquidity conditions following liquidity withdrawal by the Reserve Bank of India. While defensive segments like Nifty Media, Pharma, and FMCG managed to register modest gains, heavyweights in the private banking, financial services, and oil and gas sectors faced significant headwinds, pulling the overall market breadth into negative territory.