Bigger India
US Puts India on Currency Manipulator Watchlist But It’s Not a Big Deal
The United States Treasury Department has put India again on the currency manipulator watchlist as the country's foreign exchange net addition and the bilateral trade surplus with the US have breached two of the three criteria but here's why it's not a big deal.
The United States Treasury Department has put India again on the currency manipulator watchlist as the country’s foreign exchange net addition and the bilateral trade surplus with the US have breached two of the three criteria determining manipulation. But is India really on the cusp of being a currency manipulator? Perhaps not!