India has been transparent in its forex intervention: US Treasury

The reason why India was put on the half yearly monitorin list along with nine others, was that it had a 'material' current account surplus and engaged in 'persistent, one-sided intervention'

Even as India was put on the monitoring list with nine others, the US Treasury had largely praises reserved for the country for being transparent on its foreign exchange intervention.  

The reason why India was put on the half yearly list report was that it met two of the three criteria -- "having a material current account surplus and engaging in persistent, one-sided intervention over the reporting period.”  

This is not the first time that India was put in the list. India was there in the list in April 2018, but was removed by May next year. Economists say India’s