86 a barrel in Europe today.
The premium for the forward dollar moved down further on sustained receipts by exporters.
The benchmark six-month forward dollar premium payable in May slipped to 165-1/2-167 paise from yesterday's close of 168-169-1/2 paise.
Far-forward contracts maturing in November also declined to 313-314-1/2 paise from 316-1/2-318-1/2 paise.
The RBI has fixed the reference rate for the US dollar at 54.2018 and for euro at 70.2175.
The rupee also turned negative against the pound sterling to end at 87.26 from Thursday's close of 87.21 and also dipped against the Japanese yen to 66.14 per 100 yen from 65.72.
It, however, improved further to 70.38 per euro from last close of 70.75.