Moreover, investors have been pouring back into India’s equity market on hopes that the opposition Bharatiya Janata Party, which is seen as more business friendly, would win elections. [India ETFs Surge as BSE Hits Record]

“Overall fundamentals are improving for India and there’s a market perception that a BJP win could be good for inflows,” Hamish Pepper, a strategist at Barclays Plc, said in the Bloomberg article. “This is a very positive time for the rupee.”

WisdomTree Indian Rupee Fund

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