StockTwits

Indian Currency Funds Are Profiting Despite A Weak Rupee. Why?

Van Eck doesn’t really break out the specific debt holdings in its Market Vectors Indian Rupee fund INR (quote), but it’s clear that the portfolio was structured better than India’s currency is faring in the money markets.

The other rupee fund, WisdomTree’s ICN (quote), is in an equally impressive position, up 3.83% year to date.

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RBI Rupee Intervention: Quick Fix Only

 

The RBI’s dramatic step had some effect – the rupee gained against the dollar in early trading – but economists said such stop-gap measures will only work as quick fixes, and without concerted efforts by Delhi toward fiscal consolidation and reform, the rupee is unlikely to recover to a more comfortable Rs50 against the [...]