The Indian rupee’s slide towards 90 has sparked market speculation, with experts suggesting it’s seeking equilibrium due to unfavorable current and capital accounts. While short-term dips to 90.5-91 are possible, fundamentals point to a medium-term recovery towards 88, indicating potential undervaluation.
India’s weight in global emerging-market ETFs rises again
India’s weight in major global emerging-market ETFs has begun to recover recently. This rise follows a steady decline over the past year, showing improved performance.