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of <h1>Banks Can Request RBI Swap for FCNR (B) Deposits of USD 1 Million+; Weekly Coordination with Financial Markets Department</h1> A bank can approach the Reserve Bank of India (RBI) for a swap when it mobilizes USD one million or more in FCNR (B) deposits. Typically, banks may engage in swap transactions with the RBI once a week, coordinated with the Financial Markets Department of RBI.
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