Will EM investors bet on India again? A lot depends on RBI policy this week

Emerging markets also face near-term risks from US protectionism, according to NatWest Markets

Central bankers won’t have it easy this week. They’ll need to weigh a rising dollar, renewed fears of a global trade war and a robust US jobs report that prompted traders to rebuild bets for four rates hikes this year.

And that’s under the watchful eye of investors who’ve suffered declines in emerging-market stocks and currencies for all but two weeks this quarter.

Lira traders will be eyeing inflation data due Monday to assess whether Turkey’s central bank will raise rates again. Meanwhile, a surprising hawkish tilt revealed in the Reserve Bank of India’s April policy minutes, and the recent spike in