# Indian Shares Rise as Oil Falls, RBI Supports Rupee

> Indian shares set to open higher after oil prices drop and RBI steps in to support rupee.
- Title: Indian Shares Rise as Oil Falls, RBI Supports Rupee · mint
- Summary: Indian shares set to open higher after oil prices drop and RBI steps in to support rupee. Indian shares are expected to rise as oil prices fall and the RBI…
- Keywords: indian shares, oil prices, rbi, rupee, nifty, sensex, brent crude, foreign portfolio investors, domestic institutional investors, news, india, Indian
- Source: mint — https://livemint.com/market/indian-shares-set-to-open-higher-as-oil-eases-rbi-moves-to-support-rupee-11791772076373.html
- Published: 2026-10-12T02:27:55+00:00
- Read time: 1 min
- Topics: indian shares, oil prices, rbi, rupee, nifty, sensex, brent crude, foreign portfolio investors, domestic institutional investors, news, india
## Shares Set to Rise
Indian shares are set to open higher after snapping their longest weekly losing streak in 25 years.
## Oil Prices Fall
Brent crude futures fell 1.6% to $103 a barrel after US President Donald Trump said Ukraine and Russia agreed to halt attacks on energy facilities.
## RBI Supports Rupee
The Reserve Bank of India redirected oil companies' dollar purchases away from the spot market and tightened hedging rules to shore up the rupee.
## Market Reaction
The Nifty and Sensex rose 0.4% and 0.8% last week, helped by financials' quarterly updates and Tata Consultancy Services' AI revenue growth.
## Key takeaway

Indian shares are expected to rise as oil prices fall and the RBI implements measures to stabilize the rupee.