Israel's election, October 27 F&O expiry, and Jio IPO refunds/listing converge this week, influencing Indian markets. Geopolitical developments may reduce oil risk premium, easing crude prices and supporting the rupee. RBI's over $200bn forward short, government interventions, returned IPO funds, and expiry-driven margin selling will determine near-term volatility, potentially favoring firmer rupee and equities.
