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Monetary policy: Rupee reverses initial gains on concern over RBI moves
Bond yield hardens on rate status quo
RBI policy: Hike in FCNR(B) deposit rate may have limited impact on flows
An FCNR (B) account lets customers maintain a fixed deposit in India in freely convertible foreign currencies for a tenure ranging from one to five years
Foreign fund flows remain weak for banks despite RBI's liberal steps
The measures have brought in $1.5-2 billion so far; response to relaxed FX norms tepid as US rates higher, RBI not acting as counterparty
FCNR-B deposit pool shrinks sharply in Q3 on redemption
The deposits stood at $20.85 bn in December 2016 from $44.11 bn at the end of September 2016
FCNR redemptions: Time to gear up for increased market volatility
Historically, it is seen that a volatile currency market is contagious and transfers the volatility to equity markets
