 "Rupee, Indian currency")
The rupee on Friday opened one paise lower at 71.85 against the US dollar amid US-China trade truce optimism.
The domestic unit on Thursday gained 28 paise to settle at 71.84 as investor sentiment revived after China and the United States said they will resume trade talks. The rupee has appreciated by 55 paise in the past two sessions.
Market participants, however, said weak domestic equity market, sustained foreign fund outflows and rising crude prices weighed on local currency.
Foreign institutional investors (FIIs) remained net sellers in the capital market, pulling out Rs 561.17 crore on Thursday, according to provisional
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