Old boys right in the midst of blunders (7)

I believe the answer is:

gaffers

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'old boys' is the definition.
The answer and definition can be both people as well as being plural nouns.
Maybe they are linked in a way I don't understand?

'right in the midst of blunders' is the wordplay.
'right' becomes 'r' (common abbreviation).
'in the midst of' means one lot of letters goes inside another.
'blunders' becomes 'gaffes' (gaffe is a kind of blunder).
'r' going within 'gaffes' is 'GAFFERS'.

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I've seen this clue in The Hindu.

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