India, June 5 -- Indian shares look set to open on a flat note Friday as investors await the Reserve Bank of India's (RBI) monetary policy decision later in the day, with the central bank widely expected to cut interest rates by 25 basis points for the third consecutive time.
Benchmark indexes Sensex and Nifty rose around half a percent each on Thursday, while the rupee ended 10 paise higher at 85.80 against the dollar despite headwinds.
Asian markets were muted this morning ahead of the U.S. Labour Department's closely watched monthly jobs report due later in the day.
Gold prices rose in Asian trade and headed for a weekly gain as the U.S. dollar faced a weekly loss due to signs of economic fragility and stalled trade negotiations.
Oil...