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      How will the swap cost of 3.5 per cent be computed?

      Swap Window for attracting FCNR (B) Dollar funds - As on Sep 18, 2013

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      Swap cost computation specified as compounded semi annually for the swap tenor under FEMA guidance for FCNR(B) dollar funds.
      Under FEMA guidance for attracting FCNR(B) dollar funds, the applicable swap cost of 3.5 per cent is to be compounded semi annually for the tenor of the ... Summary

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