Opkomende markten wapenen zich tegen kapitaalvlucht

Emerging markets from Brazil to India took steps to stem an outflow of capital as concern mounts that developed nations are approaching the beginning of the end of an era pumping unprecedented liquidity.

India’s central bank sold dollars the past two days to stem the rupee’s slide, two people familiar with the matter said. Brazil said yesterday it would unwind some of the capital controls it began putting in place in 2010 -- when the Federal Reserve was embarking on its second round of quantitative easing, known as QE2. Thailand also sold dollars in the past week.

The moves follow the Bank of Japan’s decision this week to refrain from adding stimulus even after a slide in the nation’s stocks that risks hurting its campaign to revive growth. The MSCI Emerging Market Index of shares has fallen 10 percent since Chairman Ben S. Bernanke said May 22 the U.S. Federal Reserve could scale back asset buying if it’s confident in sustained economic improvement.