If everyone stops buying btc from India they will be forced to revert to old prices.
Waiting for price to be as good as preev market place price then it's fine this is India not North Korea or Pakistan... even then I suspect those countries will be easier n cheaper to buy btc.
What is more frustrating is that their sell price is much lower than buy price.
Should only the exchanges be blamed and not people trading there?
What do you think? Are these exchanges only liable for those prices?
No. We also need to be blamed for it because we want those prices to be there (either demonetization is the reason or greed), but we need it.
And I don't think there is anything wrong if the price is high in India compared to International markets, because it is an opportunity for everyone to make good profits from these, and this is kind of a commodity market, so no one should be blamed here.