The Rupee closed flat on Friday but notched its second consecutive weekly fall as a relief rally following an India-Pakistan truce proved fleeting in the face of sustained dollar demand from local companies and foreign banks. On the day, outflows related to an equity block deal weighed on the rupee, while broad weakness in the dollar and mild exporter hedging helped keep a lid on the currency's losses, traders said.The rupee closed at 85.5050 against the U.S. dollar, nearly unchanegd from its close of 85.55 in the previous session. It declined 0.1% on the week after falling nearly 1% the previous week. Traders expect the currency to be influenced by developments on a potential India-U.S. trade deal alongside the broad trajectories of the U.S. dollar and the Chinese yuan. Asian currencies were mostly higher on the day with the Korean won leading gains. The dollar index was a tad lower at 100.7, weighed down by heightened odds of rate cuts by the Federal Reserve later this year. The dollar was heading for a fourth straight weekly rise against the yen and the euro but remained significantly below its level from before April 2, when U.S. President Donald Trump announced aggressive tariffs on imports. The greenback was little changed on Friday after retreating earlier in the session on declining U.S. Treasury yields as weak economic data prompted investors to raise bets of interest rate cuts by the U.S. Federal Reserve. Markets are now indicating 59 basis points (bps) worth of Fed easing by December following Thursday's data, up from 49 bps previously. They have also priced in a 40% chance of a 25 bps rate cut by July. The benchmark 10-year U.S. Treasury yield dropped 5 bps to 4.41%. The two-year yield fell 3.5 bps to 3.94%. The euro rose 0.15% to $1.1205 but was on track to end the week 0.38% lower. On April 1, it closed at $1.0793. The single currency ranked among the best performers in March after Germany announced massive investments, and again in April, when the U.S. tariff announcement triggered a brief but sharp selloff in U.S. assets, casting doubt on the dollar's safe-haven status. The greenback dropped 0.12% versus the yen to 145.48 on Friday and was set for a weekly rise of 0.10%, after last week's downbeat GDP data in Japan and dovish remarks from a Bank of Japan policymaker. It was at 149.71 on April 1. Oil prices edged up on Friday, heading for a second consecutive weekly gain on easing U.S.-China trade tensions, although the optimism was somewhat offset by higher supply expectations from Iran and OPEC+. Brent crude futures were up 29 cents, or 0.5%, at $64.82 per barrel at 1054 GMT, while U.S. West Texas Intermediate crude futures rose 27 cents, or 0.4%, to $61.89.......