By Nimesh Vora MUMBAI (Reuters) - The difference between the USD/INR onshore and the non-deliverable forward rates has narrowed on the back of the Indian rupee's rally to its highest in seven weeks.
This is a step back from the directions it issued in 2020, when it allowed banks operating from the International Financial Services Centre Banking Units to trade in the NDF segment.
In 2022, athletes claimed they were asked to wind up training early at Thyagraj Stadium so that the IAS couple could walk their dog. Then came the memes and public outrage.
Instead of buying more Mirages outright in early 2000s, the requirement was tweaked in favour of a medium-weight, multi-role fighter with Mirage-like performance.
Pakistan not only has zero chance of catching up with India in most areas, but will inevitably see the gap rising. Its leaders will offer its people the same snake oil in different bottles.
COMMENTS