{
  "id": 19962396,
  "title": "Axis Bank is less worried about the rupee",
  "url": "https://urgent.news/2026/11/14/axis-bank-is-less-worried-about-the-rupee",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-11-14T09:51:04.000Z",
  "source": {
    "name": "The Economic Times",
    "slug": "the-economic-times",
    "url": "https://economictimes.indiatimes.com/news/economy/indicators/rupee-outlook-improves-as-foreign-inflows-return-despite-wider-october-trade-deficit-axis-bank/articleshow/135828764.cms"
  },
  "original_language": "en",
  "account": "In November, Axis Bank reported that pressure on the Indian rupee had eased due to returning foreign portfolio investment (FPI) inflows and a decrease in global oil prices. Axis Bank's report indicated that the widening merchandise trade deficit to $40 billion in October was largely due to seasonal trends and a higher gold deficit, with gold imports remaining below historical levels. The easing in oil prices and a strong return of FPI flows helped contain near-term pressure on the rupee. FPI inflows in November reached $9.6 billion, while the 12-month rolling average of forward crude oil prices moderated to around $87 a barrel. Despite the October merchandise trade deficit widening, Axis Bank expects India's current account deficit to remain around 1% of GDP in FY27, supported by a strong services surplus. The bank anticipates that wider deficits seen in the second and third quarters will be offset by narrower gaps in the first and fourth quarters.",
  "summary": null,
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "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."
}