India has been exemplary in publishing foreign exchange market intervention: US Report
Image Credit: Shortpedia
India has been exemplary in publishing its foreign exchange market intervention, the US Department of Treasury said in a report to Congress. 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 USD 24 billion in 2020, broadly in line with its average level since 2014.