{
  "id": 8165326,
  "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",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-18T03:49:11.000Z",
  "source": {
    "name": "Hindu BusinessLine",
    "slug": "hindu-businessline",
    "url": "https://www.thehindubusinessline.com/markets/forex/rupee-may-find-breathing-room-on-ipo-linked-inflows-oil-retreat/article71479325.ece"
  },
  "original_language": "en",
  "account": "The Indian rupee is poised to start the week on a slightly stronger note on Friday, buoyed by a dip in oil prices and the prospect of foreign portfolio investments fueled by a major initial public offering (IPO). However, the currency is projected to continue its weekly decline. Traders anticipate the rupee will open within the 95.75-95.80 range against the dollar, up from 95.93 on Thursday. Oil prices have softened on Friday, marking their third consecutive day of losses, as concerns over potential strikes between Saudi Arabia and Houthi rebels in Yemen are outweighed by the likelihood of alternative supply routes for Middle Eastern barrels. Brent oil is currently trading 0.7% lower at $104.1 per barrel. Anticipated foreign institutional investment in India's $2.3 billion National Stock Exchange IPO, one of the nation's largest, may also provide some respite for the rupee. This, coupled with a slight drop in US bond yields, could give the currency a bit more breathing space. Nonetheless, analysts at Bank of America Global Research warn that oil prices staying above $80 per barrel, alongside a worsening current account deficit, could pose significant risks to the rupee. In this scenario, either steady capital inflows or direct support from the Reserve Bank of India (RBI) would be necessary to keep the USD/INR pair within a manageable range. Meanwhile, Asian currencies are showing a modest uptick of 0.1% to 0.4% against the dollar, while regional stock markets are also on the rise. Market observers are closely monitoring the Bank of Japan's upcoming decision on monetary policy, which could see the central bank push interest rates to a 31-year high to combat inflation. Global markets remain on edge due to the ongoing Iran conflict and its economic implications. Earlier this week, the US Federal Reserve hiked interest rates, while the Bank of England indicated a potential need for further hikes if the Middle East crisis persists.",
  "summary": "The rupee is expected to open in a 95.75-95.80 per dollar range, traders said, having settled at 95.93 on Thursday",
  "key_points": [
    "Rupee expected to open slightly stronger at 95.75-95.80 against dollar",
    "Oil prices decline 0.7% to $104.1 per barrel, third consecutive drop",
    "IPO inflows and lower US bond yields may provide rupee respite"
  ],
  "editors_take": "A dip in oil prices and potential IPO-linked inflows may provide the Indian rupee with temporary respite, but analysts warn that high oil prices and a worsening current account deficit pose significant risks.",
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "Business Recorder",
        "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",
        "published": "2026-09-18T03:02:41.000Z"
      }
    ]
  },
  "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."
}