Indian Rupee Finished The Day at 94.9000

Date: 30 Apr 2026 04:28 PM

The Indian rupee closed at 94.9000 on Thursday in comparison to its previous 94.8450 on Wednesday evening. Indian rupee plummeted to a historic intraday low of 95.34 against the US dollar, driven by escalating geopolitical tensions in West Asia and a sharp spike in global crude oil prices, which surged past $122 per barrel. This decline was further exacerbated by heavy selling in domestic equities, with the Sensex and Nifty recording significant losses as foreign institutional investors continued to offload assets. Market sentiment remained under pressure as the US Federal Reserve maintained steady interest rates amid persistent inflation, while supply chain concerns intensified due to blockades in the Strait of Hormuz, leaving the domestic currency struggling against a resilient greenback.

The Sensex settled 582.86 points or 0.75 lower at 76,913.50, while the broader Nifty declined to 23,997.55, down 180.10 points or 0.74 percent.

The Indian stock market experienced a significant downturn as the Sensex dropped approximately 600 points and the Nifty slipped below the 24,000 threshold. This sharp decline was primarily driven by a surge in global crude oil prices, which triggered concerns regarding inflationary pressures and heightened fiscal deficits. Investor sentiment was further dampened by broader macroeconomic uncertainties and selling pressure across key sectors, reflecting a cautious approach as market participants reacted to the volatility in energy costs and its potential impact on the domestic economy.

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