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The US Treasury placed India on its currency monitoring list, alongside nine other economies, for suspected persistent one-sided foreign exchange intervention. The report also labelled Switzerland and Vietnam as currency manipulators.
US pressure may limit RBI dollar buying, which could allow faster rupee appreciation and change the currency cost of Indian agricultural imports.
theprint.inManojit SahaDec 17, 2020Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
