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Message: <blockquote data-quote="gaya_94" data-source="post: 27494536" data-attributes="member: 195534"><p>soo true the black market was there previously but the rate was the same or -+ 1 rupee. the people did not wanted to buy or sell through unofficial as there might be many scams as froud notes etc. but the issue now is as the banks do not have USD to issue people, they go to black market and as they need the have good inflow they provides higher rates. I heard from one of my friend working on supply chain dept of one of the leading milk powder importer said they purchased USD from black market at rate of 290 when it was 260 to pay for their imports. That's the situation in country bro. The only way to stop this isto anyhow pump some USD to banks.</p></blockquote><p></p>

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