iPath MSCI India Index ETN

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  • Sep. 17, 2012, 4:34 AM

    India's central bank holds its benchmark lending rate unchanged and lowers cash reserve requirements for banks, keeping a focus on inflation fighting even as the economy turns down. The RBI thinks liquidity coming from global easing could press oil prices higher - India imports three-quarters of its crude needs - and now falls into step with other South Asian central banks in holding rates even.

    | Sep. 17, 2012, 4:34 AM
  • Sep. 14, 2012, 12:59 PM

    India re-approves a plan (first passed and then revoked last year) to allow big-box retailers like Wal-Mart (WMT) to own controlling interests in local ventures. Together with a new law allowing (minority) foreign ownership of airlines, it's among the more important economic reforms for the country in 2 decades. One India ETF: EPI +3.8%.

    | Sep. 14, 2012, 12:59 PM
  • Sep. 7, 2012, 2:51 PM
    Not all India ETFs are created alike, as this chart of the YTD performance of some of the major ones shows. For 2012 at least, big caps lead the way, with the iShares Nifty 50 (INDY) - holding the largest 50 stocks by market cap - far outpacing the broader-based funds.
    | Sep. 7, 2012, 2:51 PM
  • Jul. 31, 2012, 2:29 AM
    The Reserve Bank of India keeps interest rates unchanged, as expected. The bank also cut its growth forecast and lifted its inflation outlook. "In the current circumstances, lowering policy rates will only aggravate inflationary impulses without necessarily stimulating growth," says RBI Governor Duvvuri Subbarao. BSE Sensex -0.5%.
    | Jul. 31, 2012, 2:29 AM
  • Jul. 30, 2012, 7:48 AM

    Ahead of its interest rate decision tomorrow, the RBI paints a picture of a stagflationary economy in its quarterly report. "The near-term outlook on inflation continues to be marked by a number of upside risks, despite the significant slowdown in growth ... fiscal and monetary space to stimulate ... remain limited." Inflation worries are likely to keep the RBI on hold for now.

    | Jul. 30, 2012, 7:48 AM
  • Jun. 25, 2012, 3:27 AM
    Indian shares edge higher on comments from government officials suggesting more action is coming to revive growth and boost investor confidence. BSE +0.6% to 17081.
    | Jun. 25, 2012, 3:27 AM
  • Jun. 21, 2012, 12:19 PM
    Indian equities are upgraded to Overweight by JPMorgan as low valuations and expected H2 policy actions outweigh the current "clearly poor" environment of slow growth and high inflation. The slumping rupee? It's good news as it should help to boost trade. EPI flat YTD.
    | Jun. 21, 2012, 12:19 PM
  • Jun. 18, 2012, 5:11 PM
    The RBI may have unexpectedly refrained from cutting rates today, but what amounts to unannounced QE may explain persistent weakness in the rupee and strength in inflation despite a nominally hawkish policy. Credit Suisse notes the RBI has purchased government debt this year at nearly the same pace as the Fed in the U.S. in 2011.
    | Jun. 18, 2012, 5:11 PM
  • May 31, 2012, 1:41 AM

    India's Jan.-March GDP comes in much worse than expected, +5.3% Y/Y vs. expectations of +6.1% and 6.1% growth last quarter. Rupee weakens to 56.46 against the dollar; Indian stocks fall further, now -1.3%. (official release) (previously)

    | May 31, 2012, 1:41 AM
  • May 21, 2012, 7:36 AM
    India's rupee falls more than 1% to an all-time low, now requiring 55 of them to buy one greenback. The central bank is in a tough spot as inflation remains high while the economy slows. The slide in the rupee - at least some of which has to do with the "risk off" tone of markets - won't help the inflation picture.
    | May 21, 2012, 7:36 AM | 3 Comments
  • May 15, 2012, 1:10 PM
    Stagflation rears its head in India, where inflation is refusing to respond to a slowing economy. One reason is the rupee, which has sunk to a multi-year low against the greenback. Don't expect the RBI to stop cutting rates, writes Sober Look, as the bank will likely point to the far tamer core rate of inflation.
    | May 15, 2012, 1:10 PM
  • May 11, 2012, 3:06 AM

    India's industrial production unexpectedly contracted in 3.5% in March as domestic demand weakened and exports slid, raising concerns the country's outlook has deteriorated because of trade and fiscal deficits, political wrangling, persistent inflation and an uncertain global outlook. Production had gained 4.1% in February, and economists had expected a 1.7% gain for March.

    | May 11, 2012, 3:06 AM | 1 Comment
  • May 7, 2012, 10:50 AM

    India bows to investor pressure and postpones for a year rules which would have allowed tax authorities to pore over any business deal they thought was structured to avoid taxes (pretty much all of them). Additionally, the onus will be on the government to prove wrongdoing, instead of on companies to prove their innocence. The Sensex reverses an early decline to close +0.5%.

    | May 7, 2012, 10:50 AM
  • May 2, 2012, 7:20 AM
    India's April manufacturing PMI rises to 54.9 from 54.7 previously, led by strong export orders, which drove the overall new orders sub-index to 61.1. "The RBI's rate cut could turn out to have been premature and too aggressive," says HSBC's Leif Eskesen, noting both output and input prices grew at a faster pace in April.
    | May 2, 2012, 7:20 AM
  • Apr. 25, 2012, 2:42 AM
    S&P revises India's outlook to negative from stable, affirms its BBB- rating. BSE Sensex -0.9%.
    | Apr. 25, 2012, 2:42 AM | 1 Comment
  • Apr. 23, 2012, 3:23 PM
    Where's the rally, asks Scotty Barber, who notes the BRICs - during periods when their central banks are cutting rates - outperform developed markets. Brazil's 75 point cut (with more to come) was the loudest move, but policy is easing in the others as well. As of yet there's been no rally in either absolute or relative terms.
    | Apr. 23, 2012, 3:23 PM
INP Description
The iPath® MSCI India IndexService Mark ETNs are linked to the MSCI India Total Return IndexService Mark (the "Index"). The Index is a free-float-adjusted market capitalization index designed to measure the market performance, including price performance and income from dividend payments, of Indian equity securities. The Index seeks to represent approximately 85% of the free-float-adjusted market capitalization of equity securities by industry group within India. As of September 30, 2009, the Index was comprised of 60 companies listed on the National Stock Exchange of India (the "NSE").
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Country: India
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