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An Edelweiss report says the RBI's sustained forex interventions have brought India close to the US Treasury's currency manipulation watchlist. The next Treasury report is expected in October.
The report cites the RBI's forward market operations and surplus liquidity.
Possible US action against India over currency practices could affect bilateral trade and India's import demand for US farm goods. The story is mainly about currency policy rather than a direct commodity price driver.
livemint.comAlekh ArchanaAug 24, 2017Not 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.
