MUMBAI: The Indian Rupee pared all its initial gains to settle lower by 3 paise at 81.82 (provisional) against the American Dollar.
At the interbank foreign exchange, the domestic unit opened at 81.77 against the dollar and finally closed at 81.82 (provisional), down 3 paise from its previous close.
During the day, the rupee witnessed a high of 81.72 and a low of 81.85 against the greenback.
On Thursday, the rupee closed at 81.79 against the US currency.
The Dollar index, which gauges the greenback’s strength against a basket of six currencies, rose 0.51 per cent to 102.02.
Brent crude futures, the global oil benchmark, advanced 0.45 per cent to USD 78.72 per barrel.
Gold price declined Rs 420 to Rs 59,980 per 10 grams. Silver also tumbled Rs 570 to Rs 74,600 per kg.