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- United States has removed India from its currency monitoring list of major trading partners. It has also removed Switzerland from the list but added Ireland, Italy, Malaysia, Singapore and Vietnam.
- In 2018,India along with China, Japan, Germany, Switzerland and South Korea was placed in the bi-annual currency watch list.
- The watch list contains the names of countries that have potentially questionable foreign exchange policies and are suspected to be manipulating their currencies to gain trade advantages over the US.
- While the designation of a country as a currency manipulator does not immediately attract any penalties but it tends to dent the confidence about a country in the global financial markets.
- Further,US had decided to continue to keep China on its watch list while urging China to take necessary steps to avoid a persistently weak currency.



