Oil Is No Longer the Nemesis of Emerging Markets
A laborer rests during his break as a ship unloads cargo at the Netaji Subhas Docks at Kolkata Port in Kolkata, India. (Photographer: Prashanth Vishwanathan/Bloomberg)

Oil Is No Longer the Nemesis of Emerging Markets

(Bloomberg) -- Time was when an oil-price rout almost certainly meant a currency meltdown in emerging markets. Now, it’s failing to cause as much as a flutter.
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