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Probably a borrowing from a non-Indo-Aryan language, though Mayrhofer is skeptical of the specific borrowing being from Middle Kannadaಹಟ್ಟ(haṭṭa, “a (movable) market”). Alternative theories link the word to the root हृ(hṛ, “to take”).
Mayrhofer, Manfred (2001) Etymologisches Wörterbuch des Altindoarischen [Etymological Dictionary of Old Indo-Aryan] (in German), volume 3, Heidelberg: Carl Winter Universitätsverlag, page 530
Mayrhofer, Manfred (1976) Kurzgefasstes Etymologisches Wörterbuch des Altindischen [A Concise Etymological Sanskrit Dictionary] (in German), volume 3, Heidelberg: Carl Winter Universitätsverlag, page 572
Turner, Ralph Lilley (1969–1985) “haṭṭa”, in A Comparative Dictionary of the Indo-Aryan Languages, London: Oxford University Press, page 806