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harry singh

Investor | Posted | Share-Market-Finance

Money Transfer From India

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Investor | Posted

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A few years ago, if a construction worker in a Mumbai wanted to send money to his nephew in Dubai, he would have gone to a shop in one of his city's seedier districts. There, he'd hand cash in Indian rupees to a broker in return for a secret code. His nephew would then go to a shop in Dubai, say the code and take the equivalent amount home, in dirhams.


This system of transferri

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