Investors reeling from a violent sell-off in emerging markets over the past six months again fled the rupee as India’s currency hit fresh lows, prompting the government to curb gold imports and oil exports to stem the widening deficit, Bloomberg reports. The government has raised import taxes on gold, while raising export levies on petrol […]
Tag: emerging
IIF: Unprecedented cash flows from China may be linked to the situation in Russia
Russia’s “pariah” status in the international investment community after the invasion of Ukraine may be behind “unprecedented” cash flows from China, the Institute of International Finance (IIF) said. Many emerging markets and global investors are facing large declines in their Russian holdings due to world-wide sanctions imposed after last month’s attack, which makes Russia “uninvestable” […]
IIF: Capital flows in emerging markets fell by $ 100 billion in November
Inflows to emerging markets slowed by $ 100 billion year-on-year in November, and fell on a monthly basis, mainly due to increased stance on tighter US monetary policy and weaker currencies. IIF. Flows from abroad to emerging markets stood at $ 15.6 billion last month, up from $ 18.6 billion in October and $ 115.5 […]