# India at risk of 'currency manipulator' label from US Treasury

> The US Treasury's October currency report said it will closely monitor India's foreign exchange practices after noticing a rise in the scale and persistence of the Reserve Bank of India's net dollar purchases. Analysts said being singled out may limit India's options in managing the rupee even without a formal currency manipulator label.

- Date: 2017-10-31 · published 2017-10-31T12:00:00.000Z
- Category: policy · region India · magnitude low
- Page: https://feedsoft.ai/events/68745-india-at-risk-of-currency-manipulator-label-from-us-treasury
- Commodities: [Indian Rupee (INR per USD)](https://feedsoft.ai/c/USDINR.md)

## Why it matters

Possible RBI curbs on dollar buying could let the rupee strengthen, which would make Indian feed and oilseed imports cheaper in dollar terms only if the currency firms, while a costly appreciation could weaken India's export competitiveness.

## Read by commodity

- USDINR: bearish ▼

## Sources

- cnbc.com: https://www.cnbc.com/2017/10/31/india-at-risk-of-currency-manipulator-label-from-us-treasury.html

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