Rupee flat on day; dips on week as corporate, interbank dollar bids weigh

The rupee closed nearly flat at 85.5050 on Friday but posted a second straight weekly decline, down 0.1%.

Outflows from an equity block deal pressured the currency, though weak dollar and exporter hedging capped losses.

The rupee traded between 84.6250–85.7225 amid India-Pakistan truce, U.S.-China pact, and India-U.S. trade talks.