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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 [1]

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Mingze Wu

Mingze Wu [6]

Currency Analyst at Market Pulse [7]
Based in Singapore, Mingze Wu focuses on trading strategies and technical and fundamental analysis of major currency pairs. He has extensive trading experience across different asset classes and is well-versed in global market fundamentals. In addition to contributing articles to MarketPulseFX, Mingze centers on forex and macro-economic trends impacting the Asia Pacific region.
Mingze Wu
Mingze Wu

+Mingze Wu [10]