India exchange traded funds (ETFs) on Tuesday were recuperating some of their recent losses following the increase in the interest rates by the Reserve Bank of India (RBI), ETF Trends reports. The central bank hiked interest rates in an effort to ward off inflation. The bank raised rates by a quarter point to 8.25 percent on September 16. RBI has increased rates 12 times in the past 20 months. The weak rupee, along with higher food and gas prices, are adding to inflation. The currency lost 5.4 percent this quarter, in response to investors selling off emerging market shares. The WisdomTree India Earnings Fund and iShares S&P India Nifty Fifty are among the India-focused ETFs.

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