Cheaper oil and AI rout support India's rupee

GreyOak summary

India's rupee strengthened to 93.60 against the dollar as Brent crude prices fell 24% to $90. Foreign portfolio investors reversed October outflows, buying a net 53,739 crore in equities. This capital inflow, alongside reduced energy import bills, is expected to help the currency settle between 92 and 93 per dollar.