The Reserve Bank of India left its key policy rates unchanged on Friday and unveiled a slew of measures to attract dollar inflows as the rupee continues to slide amid a mix of surging oil prices, foreign capital outflows from emerging markets and geopolitical risks triggered by the Middle East conflict. The Monetary Policy Committee unanimously decided to hold interest rates.

The Japanese yen weakened against most major currencies in the European session on Friday, traders are skeptical that the BoJ would raise interest rates in the policy meeting on June 16.

The antipodean currencies such as the Australia and the New Zealand dollars weakened against their major currencies in the Asian session on Friday, as traders remain cautious amid mixed signals from the U.S.-Iran peace talks after news of Lebanese armed group Hezbollah emphatically rejecting the terms of a U.S.-backed ceasefire between Israel and Lebanon and said it would not withdraw troops from the country, throwing the future of the wider Middle East truce into an abyss.

The Reserve Bank of India left its key policy rates unchanged on Friday, and upgraded its inflation outlook citing higher oil prices and monsoon uncertainty. The Monetary Policy Committee, governed by Sanjay Malhotra, unanimously decided to hold the policy repo rate at 5.25 percent. The committee also decided to continue with the neutral stance.