A Breathing Space for the Rupee, Oversold Markets Eye a Relief Bounce

Major U.S. indices gained for the week, with the S&P 500 logging a fourth straight advance amid broad sector strength. Treasury yields hovered near multi‑decade highs as inflation worries persisted ahead of Wednesday’s CPI.

Crude softened after geopolitical ceasefire signals, while RBI’s emergency FX measures boosted rupee sentiment. Markets appear poised for a rebound, with support at 22,300 and resistance at 22,776.