The US has removed India from its currency manipulation monitoring list and made the announcement while Treasury Secretary Janet Yellen was in New Delhi to boost economic relations between the two countries.
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It said that India, like other countries covered in the report, continues to maintain "ample - or more than ample - foreign currency reserves based on standard adequacy benchmarks".
It said that India's net purchases of foreign currency in the fourth quarter were a negative 0.9 compared to the previous period, or $30 billion less.
Source: Latestly.com
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