US President Donald Trump has followed through on his threat to penalise India for buying and selling Russian oil, ramping up tariffs to 50%. The White House announced that an executive order was signed today.
The Reserve Bank of India's monetary policy committee on Wednesday unanimously voted to maintain its policy repo rate at 5.50% and its monetary policy stance at neutral.
The move was in line with expectations from economists polled by Reuters. It comes after the Reserve Bank of India delivered an outsized cut of 50 basis points at its last meeting in June.
An ETF that tracks stocks in India is struggling to rebound from its recent losing streak, after President Trump imposed 25% tariffs on the country — and then threatened even steeper levies.
A lot is still up in the air with tariffs, especially with China, one of the most important U.S. trading relationships, for the global economy.
T. Rowe Price tapped into the market zeitgeist today, rolling out a pair of ETFs that look beyond the U.S. equity market. The T. Rowe Price Global Equity ETF (TGLB) and the T.
India's GDP blew past expectations in Q1. A closer look reveals caveats but also plenty of positives. Stay the course on Indian large-caps with INDA.
Indian equities have underperformed in recent months. Yet, improving fundamentals offer reason for optimism. Large-cap-focused INDA stands out as a potential recovery play.
INDA: A Compelling Value After A Big Pullback, Technical Support In Play
Steve Weiss, founder and managing partner at Short Hills Capital Partners, joins CNBC's 'Halftime Report' to explain why he's bearish on India.
India's economy is currently the fastest growing of all major economies, and factors such as favorable demographic and geopolitical circumstances make it a favorite to continue to outperform. The iShares MSCI India ETF offers broad, balanced coverage of all of India's major economic sectors, making it a good candidate to bet on India's economic future. Despite the impressive performance of the Indian economy relative to peers this decade, the INDA ETF is yet to greatly outperform many major stock indexes.
The INDA ETF, tracking the MSCI India Index, has a 0.65% yearly expense ratio and contains 152 stocks, heavily weighted in Financials (25.32%). Valuation is surprisingly high with an average P/E ratio of 28, even higher than the U.S., indicating potential overvaluation. Historical performance lags behind the S&P 500, especially over a 10-year horizon, but has improved in recent years.