Indian shares set to open higher as oil eases, RBI moves to support rupee

What happened: Indian shares are set to open higher after snapping their longest weekly losing run in 25 years, as oil prices eased and the RBI unveiled new currency-support measures. Key numbers: GIFT Nifty futures 22,624.5; Nifty 50 closed 22,520.45 Friday; Brent crude fell 1.6% to $103 a barrel; Nifty and Sensex rose 0.4% and 0.8% last week; FPI outflows 35.69 Why it matters: The RBI steps ease currency volatility, helping temper inflation and foreign outflows, both positives for equities. Bajaj Broking's Pabitro Mukherjee called the rebound a relief rally, not a confirmed recovery.

Oil easing and RBI rupee support drive expected higher Indian share open.

Oil easing and RBI rupee support drive expected higher Indian share open. — impact context not separately stored; see What changed.