Indian Rupee fell 77 paise to close at 95.08 (provisional) against the greenback on Friday as global oil prices fell sharply after U.S. President Donald Trump indicated an imminent deal with Iran.
At the interbank foreign exchange, the rupee opened at 95.40 and traded in the range of 94.95-95.53 before settling at 95.08 (provisional), up 77 paise from its previous close.
The domestic unit closed at 95.85 against the U.S. dollar plunging by 60 paise.
The dollar index, which gauges the greenback’s strength against a basket of six currencies, was trading at 99.65, down 0.20%.
Gold prices rose by Rs 3,000 to Rs 1.56 lakh per 10 grams while silver advanced by Rs 10,000 to Rs 2.55 lakh per kilogram as diplomatic talks rekindled intrest in precious metals.
In the international markets, spot gold is trading marginally lower at USD 4,206.88 per ounce while silver also slipped 0.48 per cent to USD 67.02 per ounce, holding on to most of its recent gains d