Analysts at TDS note that the US Treasury added India to its Monitoring List as India breached two criteria including the FX intervention criteria.
“India's inclusion is significant and will have important repercussions for the country's stance on the INR going forward. FX buying will likely need to slow given that India could be at risk of potentially breaching all three Treasury criteria in its next report. Although the INR remains vulnerable over the near term in our view, reduced FX intervention implies more INR appreciation over the medium term.”
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility.