US Removes India from Currency Watch List

By PTI IST (Released)

China, Korea, Japan, Malaysia, Germany, Singapore and Taiwan are the seven economies that are on the current watch list, the US Treasury Department said in its semi-annual report to Congress.

On Friday, the US Treasury Department removed India along with Italy, Mexico, Thailand and Vietnam from its currency watch list.

China, Japan, Korea, Germany, Malaysia, Singapore and Taiwan are the seven economies that are on the current watch list, the Treasury Department said in its semiannual report to Congress.

Countries that were removed from the list met only one out of three criteria for two consecutive reports, he said.

“China’s inability to publish foreign exchange interventions and the broader lack of transparency around key features of its exchange rate mechanism make it an exception among major economies and warrant close Treasury monitoring,” the report said. report.

Earlier today, US Treasury Secretary Janet Yellen met with Finance Minister Nirmala Sitharaman and India will continue to rely on close cooperation with the US to address global economic challenges in a more coordinated manner. Welcoming Yellen at the 9th India-US Economic and Financial Partnership Meeting in New Delhi, Sitharaman said India deeply values ​​its relationship with the US as a trusted partner.

The 9th meeting on the economic and financial partnership between India and the United States precedes India’s assumption of the presidency of the G20.

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