The latest steps from the RBI “raised concerns of outright capital controls that would further undermine the confidence of foreign investors and also that they did not address the need to attract overseas investments to narrow the record high current account deficit,” Reuters reports.
“The government steps, the way these things have been done – they haven’t sent out a consistent message,” said ICICI Securities’ head of research in a Financial Times article. “If you look at the fundamentals, the trade deficit has improved. But the problem is that sentiment is quite adverse to the rupee.”
WisdomTree India Earnings Fund
