India stock, currency ETFs diverge after rate hike

Posted on March 19, 2010 at 12:55 PM EDT

Exchange-traded funds tracking Indian stocks and so-called BRIC strategies declined in U.S. trading late Friday after India’s central bank surprised investors by hiking interest rates.

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DFM BANK IND Direxion Daily India Bull 3X Shares Guggenheim BRIC ETF Morgan Stanley Market Vectors Rupee/USD ETN SPDR S&P BRIC 40 ETF WisdomTree India Earnings Fund WisdomTree Indian Rupee Fund iPath MSCI India Total Return Index ETN iShares MSCI BRIC Index Fund

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