Indian shares set to open higher as oil eases, RBI moves to support rupee
Indian shares are set to open higher on Monday after a 25-year record weekly losing streak, as oil prices fell and the Reserve Bank of India implemented measures to support the rupee. Brent crude dropped 1.6% to $103 a barrel, while RBI's actions aim to curb dollar demand and stabilize the currency. Market analysts suggest a need for stronger trends to confirm recovery.