Opinion: Could fears of Turkish contagion have an impact on Indian markets?
As the tide of global liquidity ebbs, some economies will be caught swimming naked
Is the meltdown in the Turkish lira a foretaste of things to come in the emerging markets? Apart from the lira, how are the currencies of the other fragile five economies of 2013—Brazil, Indonesia, India and South Africa—doing? What are the chances of India being affected? These are some of the questions doing the rounds, as the plunging lira resurrects long-buried fears.