Shakti is said to be on a par with its international counterparts, and will help reduce India’s dependence on imported systems for defence and communication.
The currency dropped as much as 0.7% to 93.28 per dollar, after a public holiday Thursday. The central bank has been intervening to support the currency, with traders citing its presence Friday.
Rating democracies is a tricky business. I am only using the simple metric of who in the Indian subcontinent has had the most peaceful, stable, normal political transitions and continuity.
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