{
  "id": 8161767,
  "title": "Indian rupee may find breathing room on IPO-linked inflows, oil retreat",
  "url": "https://urgent.news/2026/09/18/indian-rupee-may-find-breathing-room-on-ipo-linked-inflows-oil-retreat",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-18T03:02:41.000Z",
  "source": {
    "name": "Business Recorder",
    "slug": "business-recorder",
    "url": "https://www.brecorder.com/news/40440098/indian-rupee-may-find-breathing-room-on-ipo-linked-inflows-oil-retreat"
  },
  "original_language": "en",
  "account": "Mumbai - The Indian rupee is poised to open slightly stronger on Friday, buoyed by falling oil prices and expectations of substantial foreign portfolio investments stemming from a major initial public offering, though the currency is anticipated to continue its weekly decline. Oil prices slipped on Friday, marking a third day of losses, as expectations of alternative pathways for Middle Eastern crude to reach global markets outpaced worries about potential clashes between Saudi Arabia and Houthi rebels from Yemen. Brent crude fell 0.7% to $104.1 per barrel.\n\nTraders and analysts are also anticipating a large inflow of foreign institutional capital into the National Stock Exchange of India's $2.3 billion IPO, regarded as one of India's biggest on record and slated to close for subscription on Monday. This combination of factors, along with a slight dip in US bond yields, could provide the rupee with a bit of breathing space. However, market participants anticipate strong demand for the US dollar from local importers, which may impede a significant recovery.\n\nExperts from BofA Global Research caution that oil prices must remain under $80 per barrel, coupled with a seasonal worsening of the current account deficit towards the end of Q3, to pose key risks to the rupee. They suggest that a consistent influx of capital or support from the Reserve Bank of India will be necessary to keep the USD/INR range-bound. Meanwhile, Asian currencies are trading 0.1% to 0.4% higher, while regional stocks are also showing gains. Investors are closely monitoring the Bank of Japan's upcoming monetary policy decision, which is expected to raise interest rates to a 31-year high to combat inflation concerns. Global monetary policy actions are drawing attention as inflationary pressures intensify due to the Iran war. Earlier this week, the US Federal Reserve hiked rates, and the Bank of England indicated it may be compelled to hike further if the Middle East conflict persists.",
  "summary": "MUMBAI: The Indian rupee is set to open modestly stronger on Friday , soothed by a retreat in oil prices and expectations of foreign portfolio inflows linked to a large initial public offering, though the currency remains on track for a weekly decline. Oil prices eased on Friday , extending losses into a third session, as hopes of alternate ways for barrels from the Middle East to reach markets…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "Hindu BusinessLine",
        "title": "Rupee may find breathing room on IPO-linked inflows, oil retreat",
        "url": "https://urgent.news/2026/09/18/rupee-may-find-breathing-room-on-ipo-linked-inflows-oil-retreat",
        "published": "2026-09-18T03:49:11.000Z"
      }
    ]
  },
  "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."
}