INSUBCONTINENT EXCLUSIVE:
to put India on a monitoring list of currency manipulators."I don't understand any economic logic (behind the decision)," Commerce Secretary
Anup Wadhawan told reporters on Tuesday.He informed that the RBI is following a policy that facilitates currency movements based on market
forces.The US Treasury Department had last week put India along with 10 other countries namely China, Japan, Germany and Singapore among
the US had gone up by $5 billion during the financial year 2020-21.India's bilateral trade surplus in goods with the United States was
worth $24 billion in 2020, along with a services trade surplus of $8 billion, the US Treasury Department report said.The report on
trade partners.It reviews currency practices on three criterion namely a major bilateral trade surplus (which should be at least $20
billion), a significant current account surplus and persistent one-sided intervention in forex markets.India is learnt to have met two of
