The Indian rupee posted its sharpest single-day drop in two weeks on Monday, pressured by dollar bids spurred by the maturity ...

Bids to buy dollars at the daily reference rate are likely to be elevated due to the maturity of large positions in the NDF market ... a Singapore-based trader at a bank said.

The rupee closed at 86.95 against the U.S. dollar, down about 0.1% on the day. Elevated interbank dollar demand due to the maturity of positions in the NDF market weighed on the rupee alongside likely ...