The Treasury said it will closely monitor India' s currency practices after an increase in the country' s net foreign exchange purchases. In a recent report to Congress, the US Treasury department has included India along with five other nations for their foreign exchange and. With the rupee coming under severe pressure due to meltdown in the Turkish lira, India' s foreign exchange reserves has come within striking. India now ranks eighth in foreign exchange reserves in a list thats headed by China.
The RBI sets India' s exchange- control policy and administers foreign exchange regulations in consultation with the GOI. Yini i indian forex yokugcina.