Bonds Rupee plunges 64 paise as surging oil prices raise trade deficit worries Updated : September 16, 2019 09:12 AM IST At 09:06 AM, the rupee was trading at 71.56 a dollar, down 64 paise from its Friday’s close of 70.92. India is the world’s third-largest oil importer. Higher crude oil prices put pressure on India's trade deficit and thus the rupee. Subscribe to Moneycontrol PRO at just Rs.33/- per month for the first year. Use code SUPERPRO. Limited period offer. Available on Web and Android.