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FCNR redemption

FCNR redemptions: Rupee keenly watched as forex reserves drop highest since 2013

FCNR redemptions: Rupee keenly watched as forex reserves drop highest since 2013

Wed, Oct 19, 2016

The impact is likely to be seen on Indian Rupee as Hariprasad MP , Senior Vice President and Head Treasury at Centrum Limited said, “The FCNR redemption outflow will have a short term impact on the Rupee, more so sentimentally.”

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