The US Treasury Department has removed India from its currency monitoring list of major trading partners. In its semi-annual report to US Congress on International Economic and Exchange Rate Policies, the department removed India and Switzerland from the previous currency watch list of countries with potentially questionable foreign exchange policies. India, along with China, Japan, Germany, Switzerland and South Korea, was placed in the bi-annual currency watch list in October 2018. The US, however, continued to keep China on its watch list, while urging the Asian nation to take necessary steps to avoid a “persistently weak currency”.

• The Indian rupee depreciated this week by 0.14 paisa compared with previous week close.
• Last week Indian rupee closed at ₹69.53 with a gain of 0.69 paisa.
• This week on Friday rupee closed at ₹69.68 with gain of 0.20 paisa.
• Highest gain 0.20 paisa on Friday and Highest loss 0.19 paisa on Tuesday.