Despite the recent dip, most investors do not view the broader Indian markets as particularly cheap
But there are headwinds such as Federal Reserve's rate path, China's growth prospects amid an escalation in trade frictions with the US and rising oil prices
The G24 statement, issued on the sidelines of the Bali meetings, said all emerging markets were "adversely affected" by excessive capital flow volatility
The prospect of a deepening rout in emerging markets was underscored this week with the IMF cutting its outlook for world growth for the first time since 2016
Helped by the moves in the peso and the lira, the MSCI index for EM currencies was flat
The 1997 Asian financial crisis has changed the way economists approach currency crisis
Rupee down as much as 1.3%, most across emerging Asia
Global trade tension, a strengthening dollar and the prospect of more US interest-rate increases led portfolio flows into emerging markets to slow to $2.2 billion last month
To blunt the blow of the trade war, Beijing recently switched its economic priorities and is ready to deploy infrastructure spending again
Total emerging market borrowing increased from $21 trn in 2007 to $63 trn in 2017 and EMs need to repay or refinance around $1.5 trn in debt in 2019 and again in 2020
The US is leaning toward slapping fresh tariffs on Chinese imports as early as this week, affecting a further $200 billion of goods
The emerging asset class's latest woes came from Argentina, where the peso tumbled to a record low
Distressed emerging markets are looking to China for help as their currencies wilt
Asian currencies, including the South Korean won and Indonesian rupiah, have borne the brunt of the sell-off in emerging markets this month, with the yuan the worst performer after Turkey's lira
India is the only EM offering growth and stability to global capital
We are much better placed than in 2013 with our overall fundamentals much stronger - higher foreign exchange reserves, a more favourable growth-inflation mix and an institutional framework for targeti
The allure of riskier assets is starting to fade amid escalating US-China trade frictions and the Fed's continuing quantitative tightening
Ignore cheap valuations and fade the rally, say strategists
A strengthening dollar, rising interest rates, tightening liquidity and a surge in oil prices - all are combining to create a toxic atmosphere for EM assets
While emerging markets shone in the first quarter, suggesting resilience to Federal Reserve tightening, that image has shattered over the past two months