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Indian rupee may find breathing room on IPO-linked inflows, oil retreat
MUMBAI: The Indian rupee is set to open modestly stronger on Friday, soothed by a retreat in oil prices and expectations of foreign portfolio inflows linked to a large initial public offering, though the currency remains on track for a weekly decline. Oil prices eased on Friday, extending losses into a third session, as hopes of alternate ways for barrels from the Middle East to reach markets outweighed concerns about strikes between Saudi Arabia and Yemen’s Houthis. Brent oil was last down 0.7% at $104.1 per barrel. Traders and analysts are also anticipating sizeable foreign institution...
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