Even with the global price of bitcoin going down,the price in the indian exchanges remained higher than the global markets.The Chinese rumors always influence the price of bitcoin and i am glad that we did not hear about any major hack while breaking the $1000 mark as it was the usual situation earlier as we would hear the Chinese rumors and then a bitcoin exchange would get hacked and the price would dip significantly,i am sure the price would recover in the coming months.
Prices remained higher based on percentages, but they too slipped down a lot. If you can check, there was a sharp decline in the price from 78k INR (when bitcoin touched its new ATH in the International markets) to INR 58k, a straight 20k INR decline which should not be taken as blah! The reason here the prices are so high is because Bitcoin is a free market and we recently faced demonetization, so it is obvious that people looked for alternatives and found this for which they paid a lot to save their money completely getting out of their hands, it's the huge demand due to which you are seeing such big prices here in India.
