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India has been exemplary in publishing forex intervention: US report

It said that like most emerging market currencies, the rupee was buffeted in 2020 by substantial swings in global risk appetite and associated shifts in capital flows

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While the RBI frequently intervenes in both directions, it purchased foreign exchange on net in 11 of the 12 months of 2020, with net intervention reaching USD 131 billion, or 5.0 per cent of the GDP, it said

Press Trust of India
India has been exemplary in publishing its foreign exchange market intervention, the US Department of Treasury said in a report to Congress on Friday.

It said that like most emerging market currencies, the rupee was buffeted in 2020 by substantial swings in global risk appetite and associated shifts in capital flows.

India's goods trade surplus with the US was $24 billion in 2020, broadly in line with its average level since 2014. India also ran a $8 billion services trade surplus with the US in 2020, said the India section of the Treasury Department report that reviews developments in international economic and