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Defending currencies? More like digging a hole

Posted on 23 July 2013

Emerging market policymakers who have in recent times tightened monetary conditions in an effort to shore up their currencies, may be digging themselves into a hole, economists have warned.
Brazil, Indonesia and most recently India have tightened monetary policy in the face of rapid currency depreciation stemming from worries over the Federal Reserve scaling back its extraordinary monetary stimulus. But there are concerns that the moves will do little to support currencies with economic growth suffering as a result………………………………………..Full Article: Source


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