India ETFs Fall 5% as Rupee Hits Fresh Record Low | Page 2 of 2 | ETF Trends

In currency markets, the rupee experienced its largest percentage decline in 18 years on Tuesday after the approval of the $20 billion plan to provide cheap grain to the poor renewed doubts about government resolve to control spending ahead of elections due next year, Reuters reports.

WisdomTree Indian Rupee Fund (NYSEArca: ICN) was off nearly 3% at last check Tuesday.

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