WisdomTree Dreyfus Indian Rupee Fund ETF (ICN), EG Shares India Consumer ETF (INCO): India’s Partial Deregulation of Sugar Mixes Politics with Economics

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As for the Rupee, it is going to continue to be weak through the end of the year and possibly longer, as there does not seem to be the political will to truly rein in spending. The Reserve Bank lowering interest rates will only make matters worse.  Once, however, the maneuvering for the election comes to a close, likely by year end, investors should be watching for more reform headlines of a substantive nature and the rupee to begin turning higher.


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