|Bid||36.88 x 400|
|Ask||43.25 x 300|
|Day's Range||41.53 - 41.75|
|52 Week Range||31.00 - 42.90|
|PE Ratio (TTM)||N/A|
|Expense Ratio (net)||0.89%|
India ETF hits new 52-Week high owing to RBI's dovish outlook.
As Prime Minister Narendra Modi celebrates three years in office, a government report is giving his anti-cash demonetization effort high praise. India Today's Mail Today column claims exclusive access to the report, which says the economy is running with 5 lakh crores fewer rupees than before -- meaning citizens are hording a whole lot less cash, while using mobile payment systems and debit cards more often. In 2016-17, the number of transactions went up significantly, mostly after demonetisation.
Consumer spending in India (INDL) stood at ~17.8 trillion rupees in 4Q16, an 11% increase compared to 16.0 trillion rupees in 3Q16.