ETMarkets Smart Talk | Higher US rates could accelerate capital flight from EMs, but India remains better - The Economic Times
ETMarkets Smart Talk | Higher US rates could accelerate capital flight from EMs, but India remains better - The Economic Times
Source: The Economic Times
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DW NOTE
The Fed just raised rates into a supply shock that's already cut global oil by 6%. Every EM that borrowed in dollars when rates were zero now gets to refinance at 4% while their export revenues collapse. India's current account deficit hit 1% of GDP last quarter — "better positioned" just means it implodes fourth instead of first.