Bigger India
US Says it Could Remove India From Currency Monitoring List
While India escapes the net on two criteria – it is still under the watch list as it runs a trade surplus with the United States even though the economy in general is in deficit.
India moved a step closer to getting off the US Treasury’s watchlist on currency after the central bank’s reserves accumulation showed a reversal of trend this year and the Rupee depreciated against the Greenback.