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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. India Exemplary in Publishing Its Foreign Exchange Market Intervention, Says US Treasury.
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...
The U.S. Treasury on Friday kept Germany on its Monitoring List for problematic currency practices and urged the incoming coalition government to keep up its "bold" COVID-19 spending rather than return to persistent fiscal surpluses.
Twelve countries have been put on Washington's monitoring list.. Read more at straitstimes.com.