MUMBAI: Price of benchmark Brent crude declined by nearly $4 to $67.7 a barrel while US West Texas Intermediate crude turned cheaper by $3.8 at $64.7 per barrel as concerns abated over disruption in oil supplies due to the tensions in West Asia.
Meanwhile, the local currency recorded its biggest daily gain in a month, recouping 85 levels a day after dealers feared that it may test 87 levels. The rupee recovered from record low level and closed with a steep gain of 75 paise at 86.03 (provisional) against the dollar.