MINT Newspaper
Wrong Information

Dear Sirs,

I, Abhishek Sharma, a regular reader of MINT newspaper, specially "MARKET & FINANCE". First of all, I appreciate that MINT using market convention for quoting the Key CURRENCIES RATE.

I would like to inform MINT that, they are regularly committing a same mistake while quoting the Currency Conversion Rate.

For instance, refer your newspaper_ Market & Finance_ Market Monitor_ Key Currencies_3rd quote.

i.e. USD/EUR

1st mistake- Its a wrong quote, correct one is EUR/USD (As per Market Convention)

But if you are using USD/EUR, it means they are talking in respect of USD, further means, USD is base currency, than the value quoted by them is calculated wrongly.

IT IS “1 DECIMAL AND SOMETHING (1.2222)”., BUT 1 USD IS LESS THAN A EUR...(0.2222)

Remaining quotes are correct. I also informed you that I have got mislead by this information and have born a heavy loss.

Please look into this Matter.

Reply is Appreciable.

Thanks

Abhishek Sharma