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Lagarde warns of volatility if Fed's move surprises investors

IMF managing director calls for more policy cooperation among central banks

Ms Lagarde (right) speaking in Mumbai while sharing the stage with Mr Rajan (left), who has repeatedly called for more coordination among central banks to shield vulnerable markets from capital swings.


EMERGING markets need to prepare for capital flight if investors are surprised by the timing or pace of policy changes in developed economies, the International Monetary Fund's (IMF) managing director Christine Lagarde said a day before the US is expected to signal a shift in