Indian rupee declines in NDF market following strikes against Pakistan



The Indian rupee weakened against the U.S. dollar in the non-deliverable forward (NDF) market on Wednesday, following military strikes by Indian armed forces on targets in Pakistan and Pakistan-occupied Jammu and Kashmir.

The 1-month NDF suggests the rupee may open in the range of 84.64–84.68 in the onshore spot market, compared to 84.4325 on Tuesday.

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