So, the wider the deficit, the more dollars a country has to buy in the market to pay its bills. ... The rise in oil prices since March 2018 will only worsen the deficit going forward and that would mean that the rupee may be trapped in a vicious cycle of devaluation
Answer:
Explanation:
Before tracing the rise of British prominence in the Middle East after 1798, it is important to note the historical antecedents of Britain's involvement in the region as well as the political and economic condition of the Ottoman Empire and Iran on the eve of Britain's ascendance. As early as 1580, English merchants (like their Venetian, French, and other European counterparts) secured formal commercial privileges for trading in the Ottoman Empire (and later gained comparable rights in Iran). Called capitula…
The outcome of the war gave the colonists freedom and the right to form their own country, and broke away from Britain.<span />
