Rupee opens flat at 71.61/$ ahead of GDP data today

Besides, investors remained cautious amid worries that tensions between the US and China over Hong Kong could delay a potential "phase one" trade deal.

Nov 29, 2019 03:11 IST India Infoline News Service

rupee
The Indian rupee opened flat on Friday against the dollar amid focus on month-end flows and gross domestic product (GDP) data. Besides, investors remained cautious amid worries that tensions between the US and China over Hong Kong could delay a potential "phase one" trade deal.

The rupee opened flat at 71.61 per dollar vs. previous close 71.60/$.

Meanwhile, oil prices on Friday were steady amid quiet trade with the US Thanksgiving holiday underway, while investors awaited a meeting of OPEC and its allies next week that may result in the extension of a production cut agreement to support the market.

Gold slipped and was set for its worst month in 3-years as hopes for a US-China trade deal supported demand for riskier assets and the dollar, weighing on the safe-haven metal.

The local unit on Friday fell 25 paise to end at 71.60/$.

Back home, the Sensex is down 113 points and the Nifty fell 34 points.

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