Developing countries fight capital outflows

Source: Bloomberg
© Scanpix/AFP
Leaders in developing countries took actions to deal with a capital outflow as investors speculate that growth in emerging markets might be harmed by upcoming end of ultra-loose monetary policy. India and Thailand sold dollars in the last several days to fight depreciation of their currencies. Brazil said it is likely to partly unwind its capital controls. The MSCI EM index slid 1.8% today so far.

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