Shaima.

 LONDON (Reuters) - Emerging market debt rose by $1 trillion to more

than $71 trillion in the second quarter, with China accounting for more
than 80 percent of that increase, the Institute of International Finance
(IIF) said in a report on Wednesday.
 The latest numbers from China pointed to a continued issuance boom in
the world's second-largest economy, wrote IIF executive managing
director Hung Tran.
 GRAPHIC: Emerging Markets Redemptions - https://tmsnrt.rs/2PpStgu
 "Data suggest that China's total debt surpassed 300 percent (of GDP) in
Q3 2018: robust foreign demand for Chinese bonds and the authorities'
efforts to support domestic activity have all contributed to this sharp
debt buildup," Tran wrote.
 Developing economies also face record redemptions in the years to come
with over $4 trillion of bonds and syndicated loans maturing by end-2020,
with as much as a third of that denominated in foreign currencies, the IIF
report found.
 In Chile, Colombia, Egypt and Nigeria nearly 75 percent of redemptions
coming due in that period are for dollar-denominated debt. Mexico,
South Africa, Brazil and Turkey also face high dollar financing needs, the
IIF said.
 Meanwhile, mature markets painted a different
picture. Overall global debt levels declined by
$1.5 trillion to $247 trillion in the second quarter
of 2018, mainly driven by a decline in the
financial and government sectors in developed
markets, the IIF found.
 "Against the backdrop of strong global growth
and higher inflation readings across EM and some
mature markets, this decline brought the global
debt-to-GDP ratio down to 317 percent in Q2,"
IIF wrote.
 (Reporting by Karin Strohecker, editing by
Abhinav Ramnarayan and Hugh Lawson)
 NEW DELHI - The Indian rupee on Thursday
slumped further to an all-time low of 73.77
against the U.S. dollar. "Indian rupee plunged
to a fresh record low of 73.77 against the
stronger U.S. dollar during the early morning
trade," a market analyst said. "It is because
of the higher oil prices that weighs on the
sentiment." On Wednesday the rupee slipped
to a low of 73.42 per dollar as crude oil
prices breached the 85 U.S. dollars per barrel
mark, leading to huge outflows of cash.