Question

What does the term 'Concessional Swap Window' mean in the context of RBI's FCNR(

  • B scheme?
A A window for NRIs to convert rupees to foreign currency at market rate
B An RBI facility where banks can swap foreign currency deposits into rupees at a favourable rate with RBI bearing the hedging cost
C A scheme for MSMEs to access foreign currency loans at subsidised rates
D A government programme to repurchase sovereign bonds from foreign investors at a discount
E A SEBI mechanism to convert FPI investments into FDI
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