The Indian rupee opened flat in the early trade at 71.21 against the US Dollar. Currently, it is trading higher by 6 paise at 71.15/$ due to falling in crude oil prices.
On Thursday, the local unit appreciated by 48 paise to close at 71.21 against the US dollar as investors cheered easing tensions between the US and Iran.
Besides, foreign institutional investors (FIIs) sold shares worth Rs431.11cr while domestic institutional investors (DIIs) bought shares worth Rs419.22cr, as per provisional data on the NSE.
Meanwhile, gold and silver prices in India today extended their recent losses, tracking a decline in global rates. As per media reports, US President Donald Trump responded to Iran's missile attacks with sanctions instead of military action. Also, the US House of Representatives passed a resolution on Thursday to stop Trump from further military action against Iran.
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