Investors are taking note of India’s efforts to rejuvenate its jaundiced investment thesis. “A sudden strengthening of the rupee and measures taken by the new Reserve Bank of India governor Raghuram Rajan to stabilise the currency appear to have turned the tide in favour of India, at least for now,” reports the Economic Times.
Investors are even putting cash back to work with India ETFs. Last month, both EPI and the iShares MSCI India ETF (NYSEArca: INDA) had inflows north of $100 million. The PowerShares India ETF (NYSEArca: PIN) hauled in $24.5 million.
Chart Courtesy: Economic Times
Disclosure: Tom Lydon’s clients own shares of EEM.