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Washington, December 4 India has been exemplary in publishing its foreign exchange market intervention, the US Treasury Department said on Friday adding that New Delhi should allow the exchange rate
WASHINGTON, Dec 4: India has been exemplary in publishing its foreign exchange market intervention, the US Treasury Department said on Friday adding that New Delhi should allow the exchange rate to move flexibly to reflect economic fundamentals. “The (Indian) authorities should allow the exchange rate to move flexibly to reflect economic fundamentals, limit foreign exchange intervention to circumstances of disorderly market conditions, and refrain from further significant reserve accumulation,” it said. “As the economic recovery progresses, the authorities should continue [&h...
In its semiannual report, the Treasury said Vietnam and some other economies will continue to be under enhanced monitoring for their currency practices.
Beijing is stacking international standards bodies with factions that care more about national loyalty than sound practice, experts say.
<p><span size="3" face="times new roman,times">The U.S. Department of the Treasury today delivered to its semiannual Report to Congress on Macroeconomic and Foreign Exchange Policies of Major Trading Partners of the United States. In this Report, Treasury reviewed and assessed the policies of major U.S. trading partners, comprising more than 80 percent of U.S. foreign trade in goods and services, during the four quarters through June 2021.</span></p> <div><span size="3" face="times new roman,times">&...