Indian rupee under pressure in NDF after oil rally intensifies
Published on March 19, 2026.
The Indian rupee has weakened in non-deliverable (NDF) due to a surge in oil prices, triggered by attacks on key energy infrastructure in the Middle East. The 1-month USD/INR NDF was quoted at 93.46, indicating the rupee may weaken further. The domestic market will resume on Friday.
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