Indian Rupee Finished The Day at 95.705

The Indian rupee closed at 95.705 on Wednesday in comparison to its previous at 95.265 on Tuesday evening. The Indian Rupee experienced a sharp decline against the US Dollar on Wednesday, trading near 95.78, driven primarily by a surge in oil prices following renewed geopolitical tensions in the Middle East and consistent selling by foreign institutional investors. With FIIs offloading significant assets over the first two days of June, market sentiment remains cautious as India, a major energy importer, faces pressure from rising global fuel costs. Additionally, investors are closely monitoring the upcoming Reserve Bank of India policy announcement on Friday, where the repo rate is widely expected to remain steady, while simultaneously bracing for Q1 GDP data that is projected to reflect a slowdown to 7.2 percent.

At close, the Sensex was down 303.67 points or 0.41 percent at 74,346.17, and the Nifty was down 77.95 points or 0.33 percent at 23,405.60. About 1714 shares advanced, 2318 shares declined, and 167 shares unchanged.

TCS, Tech Mahindra, HCL Technologies, Infosys, and Wipro leading the declines on the Nifty, while gainers were Apollo Hospitals, Max Healthcare, Tata Motors Passenger Vehicles, SBI, and ICICI Bank.

The Indian equity markets experienced a volatile session on June 3, 2026, with the Nifty and Sensex closing lower as heavy selling in the IT sector overshadowed a strong late-session rebound. While the Nifty managed to recover from its intraday lows to finish at 23,406, the IT index suffered a significant correction of over 5%, dragging the overall market sentiment. This downward pressure was further compounded by a weaker rupee, which fell to 95.71 against the dollar amid capital outflows and rising geopolitical tensions impacting crude oil prices. Conversely, the banking sector—particularly PSU banks—and select healthcare stocks provided support, helping the benchmarks recoup most of their earlier losses, while market participants remained focused on the upcoming Reserve Bank of India policy decision and broader macroeconomic developments.