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Currency Manipulation, India into monitoring list of US

  Dec 27, 2020

Currency Manipulation, India into monitoring list of US

Q. What is the news?

Q. What is this and why has US put India on its currency watchlist?

Q. What does ‘currency manipulator’ mean?

Q. What are the parameters used?

 This includes:

  1. A “significant” bilateral trade surplus with the US — one that is at least $20 billion over a 12-month period.
  2. A material current account surplus equivalent to at least 2 percent of gross domestic product (GDP) over a 12-month period.
  3. “Persistent”, one-sided intervention — when net purchases of foreign currency totalling at least 2 percent of the country’s GDP over a 12 month period are conducted repeatedly, in at least six out of 12 months.

Q. Which are the other countries in the latest monitoring list?

Q. Why is India back in the Monitoring List again?