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Indonesia, Philippines and India under pressure – BNY

BNY’s Bob Savage highlights growing stress across emerging Asian assets as higher U.S. yields, a stronger Dollar and Oil shock weigh on Indonesia, the Philippines and India. IDR has hit record lows amid downgrades and index removals, while EM bonds face rising inflation and funding costs. Policymakers respond with FX intervention and bond support, but vulnerabilities remain elevated.Record-low IDR and broader EM strain”Indonesia, the Philippines and India are facing mounting financial vulnerabilities as the global…

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