"The words Panik or Vanik, Panya and Vipani, found in Sanskrit, suggest that the Panis were merchants par excellence of the Rigvedic age [even though] greedy like the wolf, niggardly, of cruel speech."
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in The Problem of Aryan Origins by K.D. Sethna, Aditya Prakashan, New Delhi, 1992.
https://en.wikiquote.org/wiki/A._D._Pusalker
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