Domestic factors, rather than US watchlist inclusion, concern for rupee

India's goods surplus with the US was $23 billion in 2017, much lower than China's $375 bn

The inclusion of India on the monitoring list of US Treasury is not something to worry much about, and does not mean the domestic currency will come under pressure on that count alone, say currency dealers. 

Even as the Reserve Bank of India (RBI) intervenes in the currency market sporadically, it is not to target any exchange rate, but to iron out volatility. India also ran a current account deficit (CAD) of 1.5 per cent of gross domestic product (GDP) in 2017. The deficit is expected to widen to 2 per cent of GDP in the medium term, according to