{
  "id": 13853344,
  "title": "Indian shares set to open higher as oil eases, RBI moves to support rupee",
  "url": "https://urgent.news/2026/10/12/indian-shares-set-to-open-higher-as-oil-eases-rbi-moves-to-support",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-12T02:44:29.000Z",
  "source": {
    "name": "Business Recorder",
    "slug": "business-recorder",
    "url": "https://www.brecorder.com/news/40443767/indian-shares-set-to-open-higher-as-oil-eases-rbi-moves-to-support-rupee"
  },
  "original_language": "en",
  "account": "Indian equities are poised for an upward opening on Monday, following a 25-year weekly decline that concluded on Friday. Oil prices experienced a decline as speculations of a Russia-Ukraine energy truce materialized, and the central bank announced fresh currency support strategies. The GIFT Nifty futures were assessed at 22,624.5 at 7:53 a.m. IST, projecting a favorable opening for the Nifty 50, which closed at 22,520.45 on Friday last. Brent crude futures experienced a 1.6% decrease to $103 a barrel, following US President Donald Trump's announcement of Ukraine and Russia's agreement to cease attacks on each other's energy installations, courtesy of a US diesel shipment deal with Moscow. This eased immediate supply tensions, yet the Middle East conflict maintained crude prices above $100 a barrel, thereby tempering optimism.\n\nIn the preceding weekend, the Reserve Bank of India introduced additional measures to bolster the rupee, rerouting oil companies' dollar acquisitions from the spot market and tightening hedging regulations, given that the currency is close to record lows. These RBI actions aimed to reduce currency instability, alleviating inflation and foreign outflows, which are both positive indicators for the equity market sentiment. \"The recent rebound after an eight-week losing streak is encouraging, but not strong enough to confirm a sustained recovery, and at this stage, it seems more like a relief rally,\" remarked Pabitro Mukherjee, deputy vice president of research at Bajaj Broking.\n\nThe Nifty and Sensex ascended by 0.4% and 0.8% last week, driven by optimistic quarterly disclosures from financial entities and a surge in IT giant Tata Consultancy Services, as the firm's earnings highlighted a growing contribution from artificial intelligence. \"The market requires stronger price movement and supportive macroeconomic developments to establish a durable uptrend,\" Mukherjee emphasized. Foreign portfolio investors divested domestic stocks for 11 consecutive sessions, with outflows totaling 35.69 billion Indian rupees on Friday. Conversely, domestic institutional investors purchased shares worth a net 47.43 billion rupees ($490.18 million), according to NSE's provisional data.",
  "summary": "Indian shares are set to open higher on Monday after snapping their longest weekly losing run in 25 years on Friday, as oil prices fell on expectations of a Russia-Ukraine energy ceasefire and the central bank unveiled new currency-support measures. GIFT Nifty futures were at 22,624.5 at 7:53 a.m. IST, indicating a positive start for the Nifty 50, which closed at 22,520.45 on Friday. Brent crude…",
  "key_points": [
    "Indian shares expected to open higher on Monday",
    "Oil prices decline amid Russia-Ukraine energy truce rumors",
    "RBI implements new currency support strategies"
  ],
  "editors_take": "The combination of lower energy costs and central bank intervention provides a necessary buffer for domestic markets to combat currency instability and recent outflows from foreign investors.",
  "illustration": null,
  "coverage": {
    "outlets": 3,
    "also_reported_by": [
      {
        "outlet": "Nasdaq Markets",
        "title": "Indian Shares Seen Higher At Open After Trump's Russia Diesel Deal",
        "url": "https://urgent.news/2026/10/12/indian-shares-seen-higher-at-open-after-trumps-russia-diesel-deal",
        "published": "2026-10-12T02:43:41.000Z"
      },
      {
        "outlet": "Hindu BusinessLine",
        "title": "Rupee appreciates 80 paise at open amid RBI's intervention",
        "url": "https://urgent.news/2026/10/12/rupee-appreciates-80-paise-at-open-amid-rbis-intervention",
        "published": "2026-10-12T04:31:07.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}