# RBI’s dollar mopping spree could slow down as US puts India on currency watchlist

> 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.

- Date: 2020-12-17 · published 2020-12-17T12:00:00.000Z
- Category: policy · region India · magnitude medium
- Page: https://feedsoft.ai/events/49934-rbi-s-dollar-mopping-spree-could-slow-down-as-us-puts-india-on-currency
- Commodities: [Indian Rupee (INR per USD)](https://feedsoft.ai/c/USDINR.md)

## Why it matters

US pressure may limit RBI dollar buying, which could allow faster rupee appreciation and change the currency cost of Indian agricultural imports.

## Read by commodity

- USDINR: neutral

## Sources

- theprint.in: https://theprint.in/economy/rbis-dollar-mopping-spree-could-slow-down-as-us-puts-india-on-currency-watchlist/568494/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.