Market Vectors Indian Rupee/USD ETN (NYSEARCA:INR) Receives Neutral Recommendation from Analysts

As of February 28, 2025, the Market Vectors Indian Rupee/USD ETN (NYSEARCA:INR) has been assigned an average rating of "N/A" by the financial analysts currently monitoring the stock, according to data from MarketBeat.com. This designation reflects the lack of consensus among the brokerages regarding the investment stance on INR.

In recent developments, several investment firms have initiated coverage of the Market Vectors Indian Rupee/USD ETN. Notably, Raymond James has established a "strong-buy" rating for INR, setting a target price of $30.00. Similarly, the Royal Bank of Canada has recommended the stock with an "outperform" rating, also targeting a price of $30.00. Meanwhile, Capital One Financial has designated INR as "overweight." Citigroup has introduced a "buy" rating with a price objective of $27.00, while KeyCorp has also initiated coverage, marking the stock as "overweight" with a goal of $26.00. These differing analyst opinions reflect a range of perspectives on the fund's potential.

Insider Trading Activity

In other related news, on February 3rd, Director Steven D. Gray made a significant purchase of 15,000 shares of Market Vectors Indian Rupee/USD ETN at an average price of $20.00 per share, resulting in a total investment of $300,000. Following this acquisition, Gray now holds 15,000 shares valued at the same amount, marking a substantial increase in his ownership stake. This transaction was publicly reported in a filing with the SEC.

Current Stock Performance

On February 28, 2025, shares of INR opened at $18.14. The stock has experienced a decline of 3.3% recently. A review of the stock's moving averages shows a fifty-day average at $31.58 and a two-hundred-day average at $36.41. Over the past year, the stock has fluctuated between a low of $17.82 and a high of $23.00.

Company Overview

Market Vectors Indian Rupee/USD ETN offers investors a means to gain exposure to the Indian rupee against the U.S. dollar. This investment vehicle is primarily focused on providing a unique opportunity for individuals interested in the foreign exchange market.

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