RBI Governor Urges Nuanced View on Emerging Economies' Currency Actions
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RBI Governor says currency interventions by emerging economies should not be seen as simply good or bad.
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Das refers to U.S. Treasury and IMF reports that label certain countries as currency manipulators.
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He calls on U.S. and others to review use of "watch lists" and "labelling."
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Das says emerging economies need to build reserves and sometimes intervene to prevent volatility.
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He says currency actions have nuances and are not just black and white.