The opening praise belongs to the beginning of the prayer rather than every rakah. In the Hanafi method, seeking refuge is similarly at the beginning of recitation in the first rakah.
The prayer is treated as a unified act. The second rakah still has recitation and the relevant basmalah, without restarting the initial opening formulas.
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Second Rakah, Sitting, Tashahhud and Taslim
The opening praise belongs to the beginning of the prayer rather than every rakah. In the Hanafi method, seeking refuge is similarly at the beginning of recitation in the first rakah.
The prayer is treated as a unified act. The second rakah still has recitation and the relevant basmalah, without restarting the initial opening formulas.