Seeking Alpha
 

iPath MSCI India Index ETN (INP)

- NYSEARCA
  • 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)
    | Comment!
  • 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.
    | 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.
    | Comment!
  • 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.
    | 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%.
    | Comment!
  • 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.
    | Comment!
  • Apr. 25, 2012, 2:42 AM
    S&P revises India's outlook to negative from stable, affirms its BBB- rating. BSE Sensex -0.9%.
    | 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.
    | Comment!
  • Apr. 17, 2012, 3:02 AM
    The Reserve Bank of India lowers its repo rate by 50 bps to 8%, confounding expectations for a 25 bps cut and marking the first cut in three years. An uncertain inflation outlook leaves little room for further cuts. (RBI statements: rate cut, economic outlook)
    | 1 Comment
  • Apr. 16, 2012, 4:47 AM
    India's inflation slowed less than expected, rising 6.89% in March after a 6.95% rise in February, but a marked drop in manufacturing prices is sustaining hope of a possible rate cut from the Reserve Bank of India tomorrow.
    | Comment!
  • Apr. 12, 2012, 11:08 AM
    The RBI is expected to launch the first rate-cutting cycle in India in 3 years at its April 17 meeting, but a 25 basis point move would be little more than symbolic, argues Jeff Glekin. With the central government in "policy meltdown," it's up to the central bank to go for bold stimulus with aggressive rate cuts. EPI +23% YTD, but -21% Y/Y.
    | Comment!
  • Apr. 12, 2012, 3:40 AM
    India's industrial production grew a slower-than-expected 4.1% in February as consumer durables and consumer goods contracted. January's figure was revised down sharply, to 1.14% from 6.8%, because of an apparent error in sugar production data.
    | Comment!
  • Apr. 9, 2012, 7:32 AM
    Only 1.2% of Indian household savings are directly invested in shares, writes Nitin Rao - amounting to a "laughable figure" of $2.5B. There are just 20M stock trading accounts and 248 portfolio managers in a country of 1.2B. For those who believe the biggest moves in emerging markets come at the "moment of discovery and floodtide of liquidity," India may offer some interest, writes Josh Brown.
    | Comment!
  • Mar. 30, 2012, 11:59 AM
    India's current account deficit in 2011's final quarter hit $19.6B, a near doubling from 2010 (nice visual here). "The trade deficit widened and capital inflows fell far short of financing requirement, resulting in significant drawdown of fx reserves," says the RBI. Indian shares last night, +2%. EPI +2.7%.
    | Comment!
  • Mar. 27, 2012, 12:29 PM
    Fidelity is unloading its mutual fund business in India, unable to make money after 8 years despite industry assets there that have boomed to $134B. "It's a very worrying sign that a player like Fidelity is getting out," says a Morningstar analyst. To blame are the company's high pay structure and marketing costs, along with volatile stocks that have investors moving to bond funds.
    | 1 Comment
  • Mar. 23, 2012, 3:48 AM
    India's central bank is moving toward a looser monetary policy, says deputy governor Subir Gokarn, though he's not sure yet when that will happen or at what pace.
    | Comment!
Visit Seeking Alpha's
INP vs. ETF Alternatives
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").
See more details on sponsor's website
Country: India
ETF Hub
Find the right ETFs for your portfolio: Visit Seeking Alpha's ETF Hub