# Simply Put: Why India is on US currency monitoring list | Explained News - The Indian Express

> The US Treasury's semi-annual currency report placed India on its monitoring list for the first time, alongside China, Germany, Japan, Korea and Switzerland. India met two of three criteria: a significant bilateral surplus with the US and persistent forex intervention. The rupee fell 29 paise to 65.49 on the day the news broke.

- Date: 2018-04-16 · published 2018-04-16T12:00:00.000Z
- Category: report · region US · magnitude low
- Page: https://feedsoft.ai/events/65798-simply-put-why-india-is-on-us-currency-monitoring-list-explained-news-the
- Commodities: [Indian Rupee (INR per USD)](https://feedsoft.ai/c/USDINR.md)

## Why it matters

Monitoring-list status increases scrutiny of RBI intervention and can add pressure on the rupee through sentiment and capital flows, which raises dollar-priced import costs for India.

## Read by commodity

- USDINR: bullish ▲

## Sources

- indianexpress.com: https://indianexpress.com/article/explained/simply-put-why-india-is-on-us-currency-monitoring-list-5140032/

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