{"id":8507,"date":"2019-07-27T16:08:04","date_gmt":"2019-07-27T10:38:04","guid":{"rendered":"http:\/\/factly.forumias.com\/?p=8507"},"modified":"2019-07-27T16:08:04","modified_gmt":"2019-07-27T10:38:04","slug":"currency-policing-should-be-done-by-imf-not-usrbi-governor-shaktikanta-das","status":"publish","type":"post","link":"https:\/\/forumias.com\/blog\/currency-policing-should-be-done-by-imf-not-usrbi-governor-shaktikanta-das\/","title":{"rendered":"Currency policing should be done by IMF not US:RBI governor Shaktikanta Das"},"content":{"rendered":"\n<ol class=\"wp-block-list\"><li>The Reserve Bank of India governor has said that the International Monetary Fund(IMF) should not allow the U.S to bilaterally label countries as currency manipulators.<\/li><li>He questioned the US bi-annual report calling out emerging markets for currency manipulation.He said that such labelling should not be a bilateral prerogative when multilateral institutions like the IMF exist.<\/li><li>The governor also questioned the IMF role in currency surveillance stating it chose to ignore the times when a currency comes under pressure but was intolerant of countries resisting currency appreciation.<\/li><li>India was first included in the US watch list in 2017 after the RBI bought $52 billion worth of foreign exchange representing 1.8% of the country\u2019s GDP to boost its forex reserves.&nbsp;<\/li><li>However,the US treasury department had said that there was a notable decline in 2018 in the scale and frequency of foreign exchange purchases by India and removed India from the monitoring list.<\/li><\/ol>\n","protected":false},"excerpt":{"rendered":"<p>The Reserve Bank of India governor has said that the International Monetary Fund(IMF) should not allow the U.S to bilaterally label countries as currency manipulators. He questioned the US bi-annual report calling out emerging markets for currency manipulation.He said that such labelling should not be a bilateral prerogative when multilateral institutions like the IMF exist.&hellip; <a class=\"more-link\" href=\"https:\/\/forumias.com\/blog\/currency-policing-should-be-done-by-imf-not-usrbi-governor-shaktikanta-das\/\">Continue reading <span class=\"screen-reader-text\">Currency policing should be done by IMF not US:RBI governor Shaktikanta Das<\/span><\/a><\/p>\n","protected":false},"author":61,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[3127],"tags":[3721,3353,394,63],"class_list":["post-8507","post","type-post","status-publish","format-standard","hentry","category-economy","tag-currency-manipulation","tag-imf","tag-rbi","tag-us","entry"],"jetpack_featured_media_url":"","views":{"total":0,"cached_at":"","cached_date":1704935888},"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/8507","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/users\/61"}],"replies":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/comments?post=8507"}],"version-history":[{"count":0,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/8507\/revisions"}],"wp:attachment":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/media?parent=8507"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/categories?post=8507"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/tags?post=8507"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}