Rupee Quote: 02 June 2026

The rupee’s quiet start to the month quickly gave way to depreciation as a volatile mix of surging crude oil prices, geopolitical tensions, and relentless foreign capital outflows took their toll. The local unit stayed on the back foot the entire day; after an initial opening below the 95.00 mark, it closed near its lowest point of the session, underscoring robust dollar demand from importers. For short-term traders, the spot USDINR pair sees immediate resistance at 95.80 and support at 94.73.