Ghosts of taper tantrum to haunt EMFX, stir volatility memories: Reuters poll
By Vivek Mishra and Vuyani Ndaba
Reuters
BENGALURU/JOHANNESBURG (Reuters) - Volatility risks in coming months are high on the radar of emerging market currency investors still familiar with past Fed tightening, a Reuters poll of strategists found, but commodity prices are offering support amid slow vaccination rates.
Having more than reversed a pandemic-induced slump and hit a record high last month, the wider index of emerging market currencies fell to over a one-month low after the Fed projected an acceleration to its policy tightening timeline.
Wary that U.S. stimulus could be tapered sooner, in coming months investors may shun the currencies coined the fragile five of Brazil, India, Indonesia, Turkey and South Africa, as they did in 2013 when the Fed tightened rates.
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Book Review: Ambivalent Legacies of the Indian Council of World Affairs
T.C.A.Raghavan and Vivek Mishra s Sapru House: A Story of Institution Building in World Affairs should be essential reading for anybody embarking on the serious study of international relations in India.
Sapru House.
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If there is one institutional history in India that has long deserved a telling, to my mind this is it. The Indian Council of World Affairs (ICWA) has been in existence since 1943. However, till date we lacked a systematic institutional narrative of its chequered life. T.C.A. Raghavan and Vivek Mishra, in
BENGALURU A significant global bond market correction is likely in the next three months as central bankers eye the exit door from pandemic emergency policy,…
Read more about Near-term global bond market correction likely-strategists: Reuters poll on Business Standard. A significant global bond market correction is likely in the next three months as central bankers eye the exit door from pandemic emergency policy, according to a Reuters poll of strategists