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Mayday, mayday: Analysts issuing warnings on emerging market currencies

They point out that MSCI Emerging Markets Currency Index has fallen in May in six of the past seven years

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A boost in demand for gold in India comes as Indians celebrate Akshaya Tritiya, a Hindu bullion-buying festival that happens in late April or early May. This seasonal increase appears to have the effect of driving the rupee down, said one trader.

Singapore

BLAME dividend payments, weddings in India, or simply plain profit-taking. Developing-nation currencies could be in for a rough month in May, if history is any guide.

The MSCI Emerging Markets Currency Index has fallen in May in six of the past seven years, a seasonal

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