In fact, the Indian rupee fell to a new record low versus the U.S. dollar.
The Indian economy is weaker, growing 5% in the year ended March 31, its slowest pace in a decade. The Reserve Bank of India now expects the economy to expand 5.5% for the year ending March 31, 2014 from 5.7% earlier.
WisdomTree India Earnings Fund
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Max Chen contributed to this article.