The US has put India on the watch list of 'currency manipulators.

On this, the Government of India reacted on Tuesday and said that no logic of this is understandable.
India's Commerce Secretary Anoop Wadhawan told reporters, "I have not understood any economic logic of this."
He said that the Central Reserve Bank collects money according to market forces.

10 countries put on the watch list...

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'.

It was said that there is a need to maintain a close watch on the currency collection and other methods of these countries.
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.
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.

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The report states that the Indian authority should limit foreign exchange intervention without stagnating market conditions and accumulating more reserves.

Some economists say that America's new move on India will prevent the central bank from making aggressive intervention in the foreign exchange market.

America has put India on this list for the second time. India was first removed from this list.