Reserves fell $104 billion in the one year up to September 30 – and surged $30 billion in just the next three months. Forex reserves are at $562.8 billion as of December 30 – enough to cover around nine months of projected imports.
Emerging markets lose $33.8 billion in October as investors flee Asian stocks
October witnessed an alarming withdrawal of $33.8 billion by foreign investors from emerging markets, the largest since March. Almost all of this outflow consisted of