The Indian forex market will remain closed on Friday, October 2 on account of Mahatma Gandhi Jayanti.

On Thursday, the rupee quoted at 96.25 against the US dollar, lower by 31 paise over its previous close, reported news agency PTI. At the interbank foreign exchange market, the domestic currency had opened at 95.95 against the US dollar, then lost ground amid surging global bond yields and selling pressure from foreign investors.