The rupee opened at 87.03/$1 on Monday and weakened to 87.285/$1 in early trading, before it erased some losses toward the end of the trading session. The rupee had closed at 86.6/$1 on Friday.
US consumer sentiment near record low ahead of midterm elections
In October, consumer sentiment in the U.S. plummeted to a concerning 48.0, driven by rising prices and economic worries amid the ongoing Middle East conflict.