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Rupee Trades Lower After Opening Flat

Roshni Agarwal

Rupee in Friday's trade opened unchanged at 71.21 per US dollar. In Thursday's trade rupee gained after US-Iran seemed to not escalate the issues which boosted the appeal of riskier assets.

Oil also dropped from its highs of $70 per barrel as the likelihood a war in the Middle East, major supplier of crude, could have disrupted oil supply otherwise.

In the bond market, yields stood at 6.58%.

Meanwhile, equities also opened marginally higher after Thursday's tremendous gains of over 1.5% on both the Nifty and Sensex.

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