About that donation thing. Modi is moving towards getting donations from NRI.
Modi is looking to ask NRI to donate here read it your self. India is ready to beg like us. #fakenews
You should worry about your country which is approaching the IMF for, What is it , 14th time to bail out you bankrupt nation. You have begged the Chinese Saudis Kuwatis Qataris US and others for loans so that your economy which is on life support does not die.
Nearly every currency on earth has depreciated against the dollar due to strong US growth of 4% and the trade war.
Is India in the list? Nomura says, seven Emerging Market countries at risk of exchange-rate crisis
Seven emerging economies at risk of an exchange-rate crisis are Sri Lanka, South Africa, Argentina, Pakistan, Egypt, Turkey and Ukraine, according to a new analysis by Nomura Holdings Inc.
By:
Bloomberg | Published: September 10, 2018 1:19 PM
89
SHARES
The model examines a variety of factors including foreign-exchange reserves, debt levels, interest rates and import cover. (Image: Reuters)
Seven emerging economies at risk of an exchange-rate crisis are Sri Lanka, South Africa, Argentina, Pakistan, Egypt, Turkey and Ukraine, according to a new analysis by Nomura Holdings Inc. With five of the seven already in a currency crisis or a program run by the International Monetary Fund, that leaves South Africa and Pakistan as the standouts. At the same time, the eight countries with the lowest risk of a crisis are Brazil, Bulgaria, Indonesia, Kazakhstan, Peru, Philippines, Russia and Thailand, according to analysts including Robert Subbaraman, Singapore-based head of emerging-markets economics.
“This is an important result,” they wrote in a note Monday. “As investors focus more on EM risk it is important not to lump all EMs together as one homogeneous group; Damocles highlights a long list of countries with very low risk of full-blown crises.”
Nomura’s findings are based on an early warning model — called Damocles — set up to identify exchange rate crises for 30 emerging economies. The model examines a variety of factors including foreign-exchange reserves, debt levels, interest rates and import cover.
It has predicted two-thirds of the 54 developing nation exchange-rate crises since 1996, up to 12 months in advance, according to the analysts. “The results we have achieved are encouraging, but given the inherent limitations of any early warning system it would be foolish to make any exaggerated claims,” they said. Damocles refers to the moral parable the Sword of Damocles, an allusion to imminent and ever-present danger.
https://www.financialexpress.com/ec...ries-at-risk-of-exchange-rate-crisis/1308187/