Why are India’s currency practices under the US watch? These are large trade surplus with US and excessive purchases of dollars. The US department of Treasury releases a semi-annual report to the Congress on international economic and exchange rate policies. Why did RBI intervene in forex market in 2017? RBI’s stated policy has been that it intervenes in forex market to curb undue volatility.

Source: Mint April 16, 2018 07:41 UTC