somnath chakraborty
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“India has been removed from the monitoring list in this report having met only one out of three criteria – a significant bilateral surplus with the US – for two consecutive reports,” the treasury department said in its latest semi-annual report on macroeconomic and foreign exchange policies of major trading partners of the US sent to the Congress.
In its next report in October 2018, the treasury had said that India has made improvements and its name would be removed from the currency manipulation list in the next report.
"India's circumstances have shifted markedly, as the central bank's net sales of foreign exchange over the first six months of 2018 led net purchases over the four quarters through June 2018 to fall to $4 billion, or 0.2 per cent of the GDP," the treasury had said in its October 2018 report.
Source
In its next report in October 2018, the treasury had said that India has made improvements and its name would be removed from the currency manipulation list in the next report.
"India's circumstances have shifted markedly, as the central bank's net sales of foreign exchange over the first six months of 2018 led net purchases over the four quarters through June 2018 to fall to $4 billion, or 0.2 per cent of the GDP," the treasury had said in its October 2018 report.
Source
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