The rupee falls to a session low of 60.46, its lowest since June 18, as sentiment for emerging markets sours after news of a downed Malaysian airlines jet at the Ukraine-Russia border sent investors into defensive assets.
The rupee is trading at 60.37/38 compared with its Thursday's close of 60.18/19.
USD/INR faces good resistance at 60.50 levels, which mark the 76.4 percent Fibonacci retracement level of the April-May election-related dollar decline.
Indian shares fall, with the 50-share Nifty down 0.5 percent on global risk aversion.
|Gold Rate in Chennai||Rs. 29700.00 (0.54%)|
|Gold Rate in Mumbai||Rs. 30340.00 (0%)|
|Gold Rate in Delhi||Rs. 30150.00 (-0.17%)|
|Gold Rate in Kolkata||Rs. 30420.00 (-0.16%)|
|Gold Rate in Kerala||Rs. 28650.00 (0%)|
|Gold Rate in Bangalore||Rs. 29180.00 (0.62%)|
|Gold Rate in Hyderabad||Rs. 29700.00 (0.54%)|