India ETFs Gain After Rate Cut
Editor's Note: This content was originally published on by The ETF Professor Benzinga Staff Writer. The WisdomTree India Earnings ETF (NYSEARCA:EPI) and the PowerShares India Portfolio (NYSEARCA:PIN) are among the marquee India funds trading higher Tuesday after Asia's third-largest economy announced an interest rate cut. EPI and PIN are each higher by about half a percent on the news. Overnight the The Reserve Bank of India pared its benchmark interest rate by 25 basis points to 7.75%. The move though widely expected is RBI's first rate cut in nine months. In a surprise move RBI also pared the ...
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