Rupee slumps 37 paise to close at 96.31 against U.S. dollar
The Indian rupee fell 37 paise to close at 96.31 against the U.S. dollar on October 1, marking its lowest level in over two months. Forex traders indicated that this decline is driven by risk aversion in global markets and concerns over rising global treasury yields. Analysts expect the rupee to continue trading with a negative bias.