The Indian rupee opened flat on Friday at 71.26 against the US dollar vs. its previous close of 71.29/$.
On Thursday, the rupee ended 24 paise higher at 71.29/$ as the RBI maintained the repo rate steady with an accommodative stance.
The dollar fell through the week owing to trade jitters and mixed signs regarding the US economy. On the other hand, the British pound rose on expectations that Prime Minister Boris Johnson would win the election big.
Meanwhile, oil rose in Asia on Friday morning as the OPEC agreed to raise supply cuts by close to 50% in early 2020.
The committee, however, did not promise any extension post March 2020.
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