Asia Central Banks Rebuild Reserves as Fed Rate Bets Accelerate

India, South Korea, Taiwan, and Southeast Asian countries have recouped about $132 billion since November — more than than half of what they lost last year — by soaking up dollar inflows, with a weaker greenback also boosting their portfolio valuations, according to Bloomberg calculations based on foreign-exchange data. The rupee has lagged behind EM peers partly because its central bank has been the most aggressive in rebuilding reserves.