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Can a bank enter into a swap with RBI if the original tenor of the fresh FCNR (B) deposits mobilized is more than three years but at the time of availing of the swap facility with RBI, the residual maturity is less than three years?
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....urity is less than three years?<br>Swap Window for attracting FCNR (B) Dollar funds - As on Sep 18, 2013 - FEMA - FAQ<br>FEMA<br>Ans. Since the swap with RBI will be undertaken in multiples of USD one....