Why 2016 is Full of Exceptional Financial Impossibilities

Bloomberg Video

Nov.30 -- India’s new central bank Governor Urjit Patel is facing fires on multiple fronts as he prepares for next week’s monetary policy review. A cash shortage triggered by Prime Minister Narendra Modi’s decision to void 86 percent of currency in circulation and an accompanying surge in banking liquidity as Indians deposit their worthless bank notes threatens one of the world’s economic bright spots. The rupee sank to a record low last week as the prospect of further interest rate increases by the Federal Reserve sucks money away from emerging markets. Foreign investors sold a net $2.3 billion of Indian stocks in November, the biggest outflow in more than a year. G Plus Economics Chief Economist Lena Komileva discusses the overall outlook for financials with Anna Edwards and Yousef Gamal El-Din on "Bloomberg Daybreak: Europe."