this thread is the closest it gets to post what i am posting. The last month, with the way things have been going, i have a feeling india is maturing as a market, to fix bitcoin price as a function of demand/supply rather than just following the big foreign exchanges. We are moving towards price discovery, and that speaks a lot of a more maturing market, and this is indicated by the rise of volume across all exchanges. Although the almost 1000 rupee discount on buying and 2000 rupee discount on selling compared to the foreign markets may look like a dampener, but the bigger concern is the massive spread of about 1000 rupees between buying and selling. (data using average data on bitcoinrates.in)
+1With more volumes the spread should decrease as well.
