Global ratings agency Fitch has said that five emerging economies including India and Brazil are showing fewer signs of vulnerability to US Federal Reserve's rate hike. In a report released in New Delhi Friday, Fitch said large emerging markets – Brazil, India, Indonesia, Turkey and South Africa are exhibiting fewer signs of vulnerability to a drop in capital inflows than some of their smaller counterparts. The ratings agency is expecting US Federal Reserve to start raising interest rates before the end of 2015. According to Fitch, Turkey is the only country among them with three or more red indicators that signal risky or stretched levels.