Van Eck doesn’t really break out the specific debt holdings in its Market Vectors Indian Rupee fund INR (quote), but it’s clear that the portfolio was structured better than India’s currency is faring in the money markets.

The other rupee fund, WisdomTree’s ICN (quote), is in an equally impressive position, up 3.83% year to date.

Indian Currency Funds Are Profiting Despite A Weak Rupee. Why?