With growth in place for the United States and Fed prepared for modestly strong dollar, Fed is likely to hike rates in December and as a result of this, EMs will see a fresh sell off, says Bhanu Baweja of UBS.
From a 6-12 months perspective Ben Luk, Global Market Strategist, JP Morgan Asset Management is overweight on developed market equities like US and Europe and underweight on emerging market (EM) equities. However, amongst the EMs, he is still positive on India and China.
The rupee at this point of time catching up with some of the moves, which have happened across emerging market currencies last week says Priyanka Kishore of Standard Chartered.
Emerging market economies, including India, have raised USD 301.4 billion through debt securities so far this year, registering a marginal rise of four per cent from the year-ago period.