The rupee surged 67 paise to close at 95.18 against the US dollar on Friday, supported by a sharp fall in global crude oil prices after US President Donald Trump signalled that a deal with Iran could be imminent, PTI reported.A positive trend in domestic equity markets and weakness in the US currency further aided the rupee’s recovery, forex traders said.Trump has said a deal to end the war with Iran is nearly complete and is expected to be signed over the weekend in Europe, after calling off military strikes on the Islamic Republic hours after threatening to take control of its oil industry.Following Trump’s remarks, international crude oil prices declined sharply, with Brent crude, the global benchmark, trading 4.25 per cent lower at $86.54 per barrel in futures trade.At the interbank foreign exchange market, the rupee opened at 95.40 and moved in a range of 94.95 to 95.53 before settling at 95.18 against the greenback.The domestic currency had plunged 60 paise to close at 95.85 against the US dollar on Thursday.“Indian Rupee jumped sharply by nearly a per cent on a rise in risk appetite in global markets and a sharp fall in crude oil prices after Iran reportedly confirmed the US-Iran peace deal. This raised expectations of an end to the US-Iran war. This also led to a sharp fall in US Treasury yields across various tenures gained,” said Anuj Choudhary, Research Analyst at Mirae Asset Sharekhan, PTI quoted.The dollar index, which measures the greenback against a basket of six major currencies, was down 0.20 per cent at 99.65.Domestic equities also posted strong gains. The Sensex soared 1,695.40 points to settle at 75,527.95, while the Nifty advanced 461.30 points to close at 23,622.90.Foreign institutional investors (FIIs), however, remained net sellers, offloading equities worth Rs 1,082.18 crore on Friday, according to exchange data.