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The criteria for branding currency manipulators are rather simple. The US Treasury looks at three criteria: (1) foreign exchange intervention in terms of net purchase (either in GDP or dollar terms); (2) current account balance; and (3) bilateral trade with the US.
Commerce Secretary Says No Logic In US Putting India On Currency Watchlist Commerce Secretary Says No Logic In US Putting India On Currency Watchlist The Centre has expressed surprise atthe United States decision to put India on a monitoring list of currency manipulators.
India has been put on a currency watch list by the US with 10 other nations
The Centre has expressed surprise at the United States decision to put India on a monitoring list of currency manipulators. I don t understand any economic logic (behind the decision), Commerce Secretary Anup Wadhawan told reporters on Tuesday.
He informed that the RBI is following a policy that facilitates currency movements based on market forces.
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