India ETFs Surge On Interest Rate Cut (EPI, PIN, SCIF)

http://economicrisis.com/india-etfs-surge-on-interest-rate-cut-epi-pin-scif/45

India ETFs Surge On Interest Rate Cut (EPI, PIN, SCIF)

Christian Magoon:The Reserve Bank of India has announced a 25bps cut in interest rates today spurring India ETFs forward. This was the first time India’s central bank cut interest rates in nine months and is a result of a rate of inflation that is decreasing. Large cap focused India ETFs including the WisdomTree India Earnings ETF (NYSEARCA:EPI) and the PowerShares India ETF (NYSEARCA:PIN) gained more than half a percent on the news.

India’s interest rates have been relatively high compared to many developing countries due to inflation concerns.
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