INR volatility and EM risk

Watching this wild move in $INR today, down -2.20% to 13.31 after hitting 13.95 earlier. Looks like a pretty significant flight to safety out of emerging markets overall, not just India. Definitely keeping an eye on other EM currencies like $USDTHB for contagion, though that one is holding relatively steady today at 33.7. Makes me cautious on risk assets broadly.