<h1>Swap window for FCNR(B) dollar funds enables concessional swaps and raises overseas borrowing limits to incentivise long-term foreign currency deposits.</h1> A special concessional swap window is available for fresh FCNR(B) dollar funds mobilised for a minimum three-year tenor, allowing banks to swap such funds with the Reserve Bank at a fixed concessional rate for the deposit tenor. Simultaneously, the overseas borrowing limit is raised to 100 percent of unimpaired Tier I capital, and borrowings under this provision may be swapped with the Reserve Bank at a concessional rate below the prevailing market swap rate; both measures are time-bound and detailed operational instructions will follow.