Modi acknowledged it's not an easy task, but urged the nations to work collectively to strengthen multilateral banks for meeting global challenges like climate change and high debt levels
Revival in China's economic growth and policies could shrink this premium
As the US dollar tumbles from multi-decade highs, some investors are betting emerging market currencies will be big winners from a sustained reversal in the greenback
So far in 2022, the Fed has hiked rates by a total of 375 bps, leading to a stronger dollar and diminishing the appeal of emerging market assets
Talk of persistent rate hikes by US Fed officials also drags rupee lower
The rupee settled at 81.65 per US dollar on Thursday as against 81.31 per dollar at previous close
Rising global borrowing costs are denting the finances of some of the most climate-vulnerable countries right when they most need money to fight the devastating impacts of global warming
Gross sales came in at Rs 10,809.2 crore, growing by 13.1% over Q2 last year
The fall in foreign exchange reserves was primarily on account of a decline in the RBI's foreign currency assets that fell $2.8 billion on-week to $468.87 billion
Finance ministry official says not engaged in dialogue regarding it
During the month gone by, the rupee depreciated a mere 0.2% against the greenback even as the dollar index has gained a massive 3%
The latest inflation data from the US spurred a risk rally as traders reduced Federal Reserve tightening wagers
'We still see a range-bound market but have lowered the range to 13,500-16,000 for the Nifty50'
'Our investment strategy has been to stay balanced between growth and value, with higher interest rates likely to make markets much more valuation-conscious than in the past few years'
Emerging markets suffered a fourth straight month of portfolio outflows in June, notching the longest losing streak in seven years, as recession fears and inflation rattled investors, IIF data said
Growth downturns can expose vulnerabilities that increase market risks
The MSCI EM Index has fallen about 17 per cent this year through Monday - the second-steepest plunge for the period in data stretching back to 1993
The domestic currency has fared better than many of its emerging market peers
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The combined equity values of the 24 nations classified as emerging markets by MSCI Inc. has fallen $4 trillion since a peak in early 2021