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India out of US currency manipulator watch list; here's why it means little

The inclusion of a country on this list is merely a pressure tactic, mainly targeted at China, say experts

Law enforcement agencies between March 10 and May 19 seized ~839.03 crore in cash, liquor worth ~294.41 crore, and drugs worth Rs 1,270.37 crore.
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Anup Roy Mumbai
India is not on the US currency manipulator watch list any more. Is that really a great piece of news implying some benefits for the country? Not very much, say experts. India’s exclusion from this list hardly means benefits, just as its inclusion a year ago hardly meant harm.
 
According to experts, a country’s inclusion to the watch list is merely a pressure tactic, mainly targeted at China. Interestingly, the US has not found any country to be a currency manipulator, not even China. But China now features on the watch list, along with eight others, even as the

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First Published: May 30 2019 | 11:38 AM IST

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