The Indian rupee started on a flat note against the US dollar tracking a muted trend in the domestic equity market.
At the interbank foreign exchange, the domestic unit opened at 74.15 against the dollar, then inched higher to 74.14, registering a gain of 4 paise over its previous close. The local unit also witnessed a low of 74.19 in initial deals.
On Thursday, the rupee rose for the second straight day and closed 9 paise higher at 74.18 against the US dollar.
Meanwhile, Asian currencies have started flat to marginally stronger against the greenback this Friday morning.
On the economy front, the Reserve Bank of India will release dollar reserves data after-market hours. Additionally, trade deficit, current account deficit, balance of payments data will also be released after-market hours this Friday.
On the domestic equity market front, the S&P BSE Sensex was trading at 52,731.72, up by 33 points, while the broader NSE Nifty at 15,809.70, up 19 points or 0.012%.
Besides, foreign institutional investors were net sellers in the capital market on Thursday as they offloaded shares worth Rs2,890.94cr, as per exchange data.
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