Potential Rate Hikes Dampen India Stock ETFs
September 27, 2013 at 15:52 PM EDT
Spooked by prospects of another round of rate hikes, investors are dumping India exchange traded funds, with Indian stocks recording their first weekly loss in five weeks. The iPath MSCI India ETN (NYSEArca: INP) dropped 3.0% Friday, while the PowerShares India Portfolio (NYSEArca: PIN) and...