Question

To be eligible for the RBI swap facility, fresh or renewed FCNR(

  • B deposits must be mobilized for what minimum and maximum tenor, and in which currency is the swap facility with RBI available?
A Minimum 1 year, Maximum 3 years; available in any freely convertible currency
B Minimum 3 years, Maximum 5 years; available in US Dollars only
C Minimum 2 years, Maximum 5 years; available in Euros and US Dollars
D Minimum 3 years, Maximum 7 years; available in US Dollars only
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