The Indian government last Friday made a decision that sent shock waves around the world markets.
At the outset, it looks trivial – just a quarter of a percentage rise in key interest rates by a developing country.
India’s central bank, the Reserve Bank of India, raised the so-called the repo rate – which is the rate at which the bank lends to financial institutions – to five percent, and similarly increased the reverse repo – the borrowing rate – to 3.5 percent.
There is a general perception that all-inclusive trips, mostly to the Caribbean, are meant for those wishing to hang around in the beach, make use of the copious amounts of the free alcohol and food available.
But it does not have to be, as my recent trip to Mexico proved, even though it was to one of the all-inclusive Mecca – the Mayan Riviera.
Before ending up in Mayan Riviera, I did contemplate going to Cancun, as the idea of vacationing in a resort with more than a thousand rooms has always fascinated me.
Tulum Ruins
A cluster of buildings across of what could have been a square.
Coba This is one side of the ball court. The bottom right shows the sand floor and about five feet away the second side of this ball court is located.
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