Indian rupee opens at 94.30 per U.S. dollar, up 37 paise

Gold fell below $4,000 an ounce, sliding to a low of $3,964 an ounce, its lowest level since November, while silver also came under pressure. The drop followed a stronger U.S. dollar and rising expectations that the Federal Reserve will keep interest rates high. The stronger dollar has reduced the appeal of dollar-priced precious metals for overseas investors.