Last month, the Reserve Bank of India lifted its benchmark repo rate to 8% from 7.75%. Leading up to the announcement, economists expected no change following signs Indian inflation was ebbing in late 2013. [Rate Hikes Not Helping BIITS ETFs]
Rising prices and weak rupee have proven to be a toxic brew for the Indian economy, Asia’s third-largest. A weak currency is especially problematic for India due to nation’s high levels of poverty. Nearly two-thirds of India’s population live on less than $2 a day, the BBC reported, citing the World Bank.
Less than 10% of EPI’s weight is allocated to consumer sectors.
WisdomTree India Earnings Fund
