Abhay singhAbhay singhhttps://teletype.in/atom/abhi322026-10-23T22:51:26.745Zabhi32:KsH9CQdAyJjAMERICA GAVE A BLOW, INDIA SAID THAT THE US'S ATTITUDE IS BEYOND COMPREHENSION2021-05-18T06:30:14.455Z2021-05-18T06:30:14.455Z The US has put India on the watch list of 'currency manipulators.
<h3>AMERICA GAVE A BLOW, INDIA SAID THAT THE US'S ATTITUDE IS BEYOND COMPREHENSION</h3>
<p><strong> The US has put India on the watch list of 'currency manipulators.</strong></p>
<p>On this, the Government of India reacted on Tuesday and said that no logic of this is understandable.<br />India's Commerce Secretary Anoop Wadhawan told reporters, "I have not understood any economic logic of this."<br />He said that the Central Reserve Bank collects money according to market forces.</p>
<p><strong>10 countries put on the watch list...</strong></p>
<p>According to the news agency Reuters, last week, the US Finance Ministry had put 10 economies including India, Singapore, Thailand, and Mexico on the 'watch list'.</p>
<p>It was said that there is a need to maintain a close watch on the currency collection and other methods of these countries.<br />The Commerce Secretary said that India's trade surplus with the US (when a nation's exports surpass its imports) increased by nearly five billion dollars in 2020-21.<br />The US report says that India's bilateral trade surplus with the US was $ 24 billion in goods in 2020, with a financial surplus of $ 8 billion in services.</p>
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<p>The report states that the Indian authority should limit foreign exchange intervention without stagnating market conditions and accumulating more reserves.</p>
<p>Some economists say that America's new move on India will prevent the central bank from making aggressive intervention in the foreign exchange market.</p>
<p>America has put India on this list for the second time. India was first removed from this list.</p>