India removed from currency monitoring list

The U.S. on Tuesday removed India from its currency monitoring list of major trading partners, citing steps being taken by New Delhi that addressed some of the Donald Trump administration’s major concerns.

Switzerland is the other nation that was removed from the list.

“India has been removed from the monitoring list in this report, having met only one out of three criteria — a significant bilateral surplus with the United States — for two consecutive reports,” the Treasury Department said in its report on macroeconomic policies.

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