Year-to-date, the WisdomTree Indian Rupee Strategy Fund (NYSEArca: ICN) is down 1.4% and the Market Vectors-Rupee/USD ETN (NYSEArca: INR) is up 0.8%.
Furthermore, India is benefiting from the low oil prices as the country is a major importer of oil and other commodities. In contrast, Brazil and Russia are suffering due to their large oil export industries.
The international Monetary Fund projects India’s economy to expand 7.5% in the year ending March 31, 2016, outpacing China’s growth for the first time in over a decade. In comparison, China’s economy is expected to grow 6.8% this calendar year while Brazil and Russia could contract 1.5% and 3.4%, respectively.
WisdomTree India Earnings Fund
For more information on India, visit our India category.
Max Chen contributed to this article.