Rupee Volatility Expected To Increase As India Enters Month-Long Elections

Elections in India and Indonesia, alongside key economic data from China are likely to be the key events for Asia this week.

India’s general election kicks off Monday and a parliamentary election in Indonesia is slated for Wednesday, while China is expected to release March trade data on Thursday and inflation data Friday.

Emerging markets are starting to regain favor following a violent sell-off last year amid jitters about an unwinding in U.S. monetary stimulus. Data from Thomson Reuters’ Lipper service showed on Thursday that emerging market stock funds saw an inflow of $2.7 billion, the biggest since January last year.

An election in India, the world’s biggest democracy, will take place over the course of a month to accommodate the country’s 814.5 million eligible voters — a figure that exceeds the entire population of Europe.

CNBC

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