India on US Treasury’s ‘Currency Watch List’

India is one of the 11 countries on the U.S. Treasury’s ‘Monitoring List’ with regard to their currency practices, according to the April 2021 edition of the semi-annual report, the first from the Biden administration. India was on the list in the December 2020 report as well.

About US Treasury’s ‘Currency Watch List’

  • The report on Macroeconomic and Foreign Exchange Policies of Major Trading Partners of the United States, which is submitted to the U.S. Congress, reviews currency practices of the U.S.’s 20 biggest trading partners.
  • Three criteria are used to review partners –
    • a significant (at least $20 billion) bilateral ....
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