US keeps India, 10 others in the currency practices monitoring list

The United States on Friday placed 11 countries, including India, China, Japan, South Korea, Germany and Italy in the currency practices monitoring list.

Other countries named by the Department of Treasury in its quarterly report to Congress, the first under the Biden administration, are Ireland, Malaysia, Singapore, Thailand and Mexico.

All except Ireland and Mexico were covered in the December 2020 report, which was under the previous Trump administration.

As directed by Congress, Treasury has established a monitoring list of major trading partners that merit close attention to their currency practices and macroeconomic policies.

An economy meeting two of the three criteria in the