By Yati Himatsingka and Vuyani Ndaba
(Reuters) – The Turkish lira and South African rand will be the most vulnerable currencies in the event of another emerging market sell-off despite aggressive interest rates hikes from their central banks, a Reuters poll showed on Wednesday.
The currencies were focal points of the rout that ripped through financial markets last month when investors sold emerging market assets in expectation that the Federal Reserve will continue to gradually shrink its stimulus programme.
BANGALORE (Reuters) – Indian factories started 2014 on a high note, with activity growing at its fastest pace in nearly a year as domestic and overseas orders increased, according to a survey that also showed inflation accelerated.
The HSBC Manufacturing Purchasing Managers’ Index (PMI), compiled by Markit, bounced to 51.4 in January, its highest since March, from 50.7 in the previous month.