$re = '/(__nls__)(.*?)(INR)/';
$str = '__nls__Cancellation permitted 03 Hrs before scheduled departure __nls__ Within 03-72 hrs INR 3,500 or 100% of airfare charge (whichever is lower) __nls__ Before 72 hrs INR 3,000 or 100% of airfare charge (whichever is lower)';
preg_match($re, $str, $matches, PREG_OFFSET_CAPTURE, 0);
// Print the entire match result
var_dump($matches);
Please keep in mind that these code samples are automatically generated and are not guaranteed to work. If you find any syntax errors, feel free to submit a bug report. For a full regex reference for PHP, please visit: http://php.net/manual/en/ref.pcre.php