The Indian money market's hawala sector is experiencing an unusual discount on the dollar-rupee exchange rate, a shift attributed to stalled flights and reduced trade with the Gulf. This irregular market, typically seeing a dollar premium, is now operating 1-…
Mumbai: Away from the dust, death and debris of the war, a strange story is playing out in the underbelly of the Indian money market. The dollar-rupee exchange rate in the hawala market has slipped i…
