Emerging Asian central banks are turning to innovative ways to protect their currencies as fears over higher-for-longer US interest rates and rising global tensions drag down risk assets. Asian currencies are especially exposed to outflows as benchmark rates in the region are generally lower than their emerging peers, resulting in a wider differential with the US. Among some of the ways officials are countering that: Indian policymakers said this month they’re looking to sell more bonds to soak up cash, which should bolster the rupee. Their Indonesian peers in September started issuing a new line of debt to attract ... (full story)