India is likely to take up the issue of quantitative easing (QE) by the US at the G20 Leaders' Summit in St Petersburg, Russia next week. Emerging economies, which have seen a flight of capital in the recent weeks on talks of stimulus withdrawal in the US, might together raise the issue at the summit.The Indian currency has taken a beating since the US announced its plans to consider reducing its bond buying
Prime Minister Manmohan Singh, who assured the nation on Friday on the net gains of globalisation, despite short-term shocks such as rupee depreciation, is likely to raise the issue of capital outflow from emerging market economies due to developments in the US.
Prime Minister Manmohan Singh, who assured the nation on Friday on the net gains of globalisation, despite short-term shocks such as rupee depreciation, is likely to raise the issue of capital outflow from emerging market economies due to developments in the US.
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