# US Treasury report: India swinging towards the FX manipulator camp - Nomura — Octa

> Nomura's analysis of the October 2017 US Treasury FX report says India's dollar-buying intervention and trade surplus with the US drew more scrutiny. Taiwan was removed from the monitoring list while Korea, China, Japan, Germany and Switzerland remain on it.

- Date: 2017-10-20 · published 2017-10-20T12:00:00.000Z
- Category: policy · region India · magnitude low
- Page: https://feedsoft.ai/events/68699-us-treasury-report-india-swinging-towards-the-fx-manipulator-camp-nomura-octa
- Commodities: [Indian Rupee (INR per USD)](https://feedsoft.ai/c/USDINR.md)

## Why it matters

Pressure on India to curb FX intervention could lead the RBI to buy fewer dollars, which may firm the rupee; this has little direct bearing on feed commodity prices.

## Read by commodity

- USDINR: bearish ▼

## Sources

- octaafrica.net: https://www.octaafrica.net/markets/news/view/502182/

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