The Rupee opened weaker on Friday, dragged by lingering strength in the dollar and higher U.S. Treasury yields following the mixed Federal Reserve outcome, while the previous session's unfavourable tone will further weigh on sentiment. The rupee came under renewed pressure on Thursday after a brief respite in the prior sessions, failing to sustain its climb past the 88 mark. The local unit's inability to sustain its advance underscored the fragile sentiment around the currency amid dollar strength, traders said. The dollar index inched up in Asian hours to near 97.50, extending a 0.7% advance over the past two sessions. The dollar had initially slipped after the Fed's 25-basis-point rate cut on Wednesday and projections that signalled more reductions ahead. However, it soon found support from U.S. Treasury yields, which like the dollar, regained after their post-Fed decline. Analysts said the move reflected Fed Chair Jerome Powell's press conference, which they said sounded less dovish than the projections suggested. U.S. jobless claims data out on Thursday contributed to the selloff in Treasuries. The number of Americans filing new applications for unemployment benefits fell last week, reversing the prior week's jump. The U.S. dollar held largely steady in early Asian trading on Friday as investors looked to fresh catalysts after the Federal Reserve's meeting, with the greenback inching higher against the yen ahead of a policy decision from the Bank of Japan. Against the yen, the dollar was last up 0.1% at 148.085 yen after data earlier showed core consumer prices in Japan rose at their slowest pace in nine months. Across the broader currency market, traders are weighing the long-term economic impact on the dollar, the preeminent global reserve currency, from the Trump administration's barrage of tariffs on imported goods from overseas and a wider shakeup in policymaking. The euro was 0.1% weaker at $1.1777 , paring gains for the week after hundreds of thousands took part in anti-austerity protests across France on Thursday. Sterling was at $1.3555 , down 0.1% so far on the day, after the BOE kept interest rates on hold and slowed the pace of its programme to run down its government bond stockpile on Thursday. Oil prices were little changed on Friday after settling lower in the previous session, the day after the U.S. Federal Reserve cut interest rates for the first time this year, due to worries about fuel demand in the United States. Brent crude futures were down 1 cent at $67.43 a barrel at 0100 GMT, and U.S. West Texas Intermediate futures were down 4 cents at $63.53. Both benchmarks were on track to end higher for a second straight week.......
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