Benchmark Nifty experienced a rebound on expiry day due to a drop in India VIX and Brent crude oil prices. Investor attention is now focused on the forthcoming RBI policy outcome amid ongoing rupee weakness. The rupee declined against the dollar amidst foreign capital outflows and uncertainties surrounding a US-Iran deal. Stocks in the F&O ban included SAIL, Bandhan Bank, and Ambuja Cement.