Reuters: Money News: RBI relaxes maturity tenure for banks under FX swap facility

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RBI relaxes maturity tenure for banks under FX swap facility Sep 26th 2013, 04:47 MUMBAI (Reuters) - The Reserve Bank of India on Wednesday relaxed the minimum maturity tenure for banks' foreign currency borrowings' to one year from three years, in order to use the central bank's swap facility which was set up to support the ailing rupee.

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