The International Monetary Fund must do a better job of policing currency manipulation, and should work towards a better understanding of emerging market economies (EMEs), Shaktikanta Das said on July 26.

The Reserve Bank of India (RBI) governor said bilateral pressure on alleged currency manipulators by the US was a recent phenomenon. He argued that instead of countries tackling matters bilaterally, the IMF was the appropriate body to police currency manipulation. However, he said the fund had