India's ICICI Bank set to decline further


IBN's 2.8% premarket decline comes on the heels of yesterday's 5.7% dive and a 41% fall YTD. The rupee is having its worst session in decades, off nearly 4% vs. the greenback. The Sensex however, managed to reverse a sizable early loss to close slightly in the green.

The WisdomTree India Earnings Fund (EPI) - not currency-hedged like WisdomTree's popular Japan Hedged Equity Fund - is off 3.2% premarket.

Another Indian bank traded with reasonable volume here, HDFC Bank Limited (HDB) is off 1.4% premarket.

Other India equity ETFs: INDY, EPI, PIN, INP, INDA, INXX, SCIF, SCIN, INDL, SMIN.

The Indian Rupee Fund (ICN) is off 15% YTD with all of the loss coming since May (about the time the U.S. Treasury market cracked).

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