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Rupee Expected to Weaken in NDF Market as Domestic Trading Halts for Gudi Padwa
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Rupee Weakens in NDF Market Amid Gudi Padwa Holiday, Crude Oil Surge
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CNBC TV18
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19-03-2026, 09:09
Rupee Weakens in NDF Market Amid Gudi Padwa Holiday, Crude Oil Surge
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Indian rupee shows further weakness in the non-deliverable forwards (NDF) market on Thursday.
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Domestic foreign exchange and debt markets were closed for the Gudi Padwa holiday.
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1-month dollar/rupee NDF quoted at 93.46, indicating potential weakening past 93 when onshore trading resumes.
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Rupee fell sharply by 49 paise to an all-time low of 92.89 against the US dollar on Wednesday.
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Pressure attributed to rising global crude oil prices, stronger dollar, and continued FII outflows.
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