India Joins Brazil to China as Emerging Markets Cut Liquidity

India Joins Brazil to China as Emerging Markets Cut Liquidity

Dhiraj Singh/Bloomberg

An Indian five hundred rupee note sits on a basket of marigold flowers at a store in the Dadar wholesale flower market in Mumbai. The rupee, which has also been hurt by India’s record current-account deficit, has sunk 8.2 percent against the dollar in 2013.