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Among the ‘Fragile Five’ currencies as defined by Morgan Stanley, the rupee has emerged as the biggest gainer since August 28, 2013, when it had touched an all-time low of 68.85 to the dollar in intra-day trade.
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Key parameters show equity indices since then have gained the most in India.
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The current account deficit as a percentage of gross domestic product of India is the lowest.
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However, Consumer Price Index-based inflation continues to be the highest in India, compared with that in the other four countries.
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It’s election time
India: Voting for the 2014 general elections will begin in April
Indonesia: Parliamentary elections are scheduled for April and a presidential ballot in July
Turkey: Ukraine crisis, domestic politics have weighed on Turkey
South Africa: On May 7, the country will hold its fifth general election since the end of apartheid
Brazil: General elections will be held in October