| Asian currencies rose this quarter, led by India’s rupee and the ringgit, as the world’s fastest economic growth attracted funds to regional assets. Stock markets in South Korea, India and Taiwan together attracted some US$24bil of overseas funds this year, exchange data show.
Asia’s developing economies will expand 7.3% this year, outpacing growth of 3.6% in Latin America and 1.8% in the United States, according to International Monetary Fund projections published in January. The euro-area is forecast to contract 0.5%...............................................Full Article: Source
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